Germany

A few weeks ago, the Economist put out its quarterly gauge of house price values. Australia just beat out Hong Kong as the most overpriced market in the developed world, with an overvaluation of 56%. Japan was by far the most undervalued…

The German strategy appears to be rudderless at the moment. It is not clear what concessions it can elicit in exchange for offering a "comprehensive" solution to the debt crisis. Getting rid of wage indexing,a constitution amendment to…

Overall, we should credit Germany for building a recovery based not just on exports, but on capital investment and saving. One reason that Germany is a manufacturing and export powerhouse is because it has invested in those businesses.…

I was on the CBC's hour-long primetime finance show Lang & O'Leary last week talking about the European financial crisis. Prior to my appearance I wrote "The European Sovereign Debt Crisis" to give a full accounting of the…

I liked David Rosenberg's Breakfast With Dave piece this morning. He got into QE2, bonds, Europe and Germany in particular. Let me hit on a few highlights here.  First, Rosenberg says the recent uptick in bond yields might put…

The problem is that the current approach – centred on dealing with liquidity problems now and solvency issues later – is not working. A liquidity approach that delays the day of reckoning may be good regional politics, but it's…

by Marc Chandler Spanish bonds have fallen each day this week. The 13 bp increase today brings the 10-year yield increase to 30 bp this week, easily the worst performing bond market within the euro zone. Portugal has the dubious honor of…

The thinking behind Eurobonds is that a pan-euro zone debt instrument could be used as a release valve for liquidity issues, allowing the truly insolvent to restructure their state level debt if necessary, without creating contagion. The…

Which economy might then be the second most rapidly ageing economy in the world? Right, you guessed it: Germany! The question which seems to whisper in the wind is just how Germany is going to be able to shoulder all those bailouts when the…

Marshall Auerback argues that despite a 'blame-a-thon' on Ireleand, Germans banks are really at the core of the eurozone catastrophe.