Podcasts about Eurozone

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureTrump’s tariff system is putting a lot of strain on the Eurozone, they were hurting from the green new scam, but now it’s all falling apart. New supply of oil is coming into the US, prices are going to drop. Trump is shutting down the [CB] plan down, no institutional investors in real estate, prices are about to come way down. Newsom wants to confiscate Bitcoin. The [DS] is feeling pain, their drug, human and oil trafficking system is being dismantled. The [DS] have lost the information war, common sense has now taken over. The [DS] will now being moving to physical war. This is the trap Trump has set to use the Insurrection Act. Slowly but surely the [DS] will become more violent and Trump and team will have to call the ball. Buckle up, the storm is approaching. Economy Trump’s Tariffs Are Sinking The Eurozone  German trade surpluses are shrinking, with 2025 exports to the US projected down 7% and overall trade surplus far below 2024 levels. Structural challenges—especially Chinese competition in automotive—compound short-term pressures, threatening Germany’s role as Eurozone anchor. A German recession risks Eurozone-wide contagion, potential ECB stimulus, and euro depreciation, clouding the outlook for 2026. Since tariffs stepped in, the Eurozone has struggled with exports and hasn’t even retaliated to them. A passive approach that shows off all its weaknesses and, above all, is sinking the economy of its major member: Germany. Germany was already stuck with a negative GDP growth before tariffs, but the latter are acting as a final blow for the third economy in the world. A couple of weeks ago I pointed out the main risks that concern Japan (the fourth economy in the world); now it is time to assess the shape of the German economy. How tariffs are hitting Germany Germany's total exports in 2024 amounted to $1.63 trillion, and 11% of these goods were exported to the US, the main trading partner. Just this data says a lot; in fact, Germany used to rely on the US to generate billions and billions of trade surpluses. A sort of Chinese approach, but at a lower scale. Now, almost every European good exported to the US is subject to a 15% tariff, which is making German goods less convenient for US companies. We know that the latter pay most of the tariffs, and this means bearing higher costs of goods sold, therefore lower profits. Companies don't like to reduce their net profit margin, so it is not a surprise they are looking around to find new trading partners. On top of this significant issue, the currency fluctuations are adding further pressure on German exports.. Source: seekingalpha.com  (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); https://twitter.com/disclosetv/status/2008918914110021878?s=20   and brought directly to unloading docks in the United States. Thank you for your attention to this matter! DONALD J. TRUMP PRESIDENT OF THE UNITED STATES OF AMERICA https://twitter.com/DOGEai_tx/status/2008960798094188804?s=20 https://twitter.com/truflation/status/2008494612378501267?s=20   index, calculated from millions of price data points, has remained below 2% since Dec 30. https://twitter.com/Rasmussen_Poll/status/2008641445574615279?s=20 https://twitter.com/amuse/status/2008921005046350098?s=20   domestic production, tax relief & energy independence. America remained the strongest economy in the world as capital flowed toward US assets. https://twitter.com/amuse/status/2008694980944998633?s=20 Political/Rights  https://twitter.com/paulsperry_/status/2008707706052632955?s=20 Democrat Charlotte Sheriff Now Under Investigation for “Mafia-style” Intimidation and Corruption   District Attorney Spencer Merriweather has formally requested the North Carolina State Bureau of Investigation (SBI) to probe allegations of attempted extortion and corruption against Democrat Sheriff Garry McFadden. The petition outlines explosive allegations regarding Sheriff McFadden's conduct over House Bill 10, a controversial state law mandating cooperation between local sheriffs and U.S. Immigration and Customs Enforcement (ICE). Rep. Cunningham, a fellow Democrat who provided a critical vote to override the Governor's veto of the bill, alleges McFadden threatened her safety to influence her vote. According to the petition, McFadden told Cunningham that if she continued to support the bill, the “people of Mecklenburg County would ‘come after' her.” The filing claims McFadden added, “I don't want to see you get hurt. You live in my county.” Cunningham described the interaction as “akin to a mafia boss demanding money by saying ‘nice little store you've got there; it would be a shame if anything happened to it.’”   District Attorney Merriweather confirmed he has asked the SBI's Professional Standards Unit to investigate the claims before his office decides whether to proceed with the removal petition. The DA's letter to the SBI specifically requests an investigation into: Extortion and bribery. Economic threats made to influence legislation. Hatch Act violations (regarding improper political activity). State campaign finance violations. Source: thegatewaypundit.com Breaking: Tensions Reach Boiling Point in Minneapolis As Woman Attacks ICE With Vehicle, Is Neutralized  https://twitter.com/nicksortor/status/2008962609769533872?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2008962609769533872%7Ctwgr%5Ea8d4c3aaf88bd8bfc614f35ff01e9af383546251%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fredstate.com%2Fbobhoge%2F2026%2F01%2F07%2Fbreaking-tensions-reach-boiling-point-in-minneapolis-as-woman-attacks-ice-with-vehicle-is-neutralized-n2197863https://twitter.com/nicksortor/status/2008973759097733306?s=20 https://twitter.com/TriciaOhio/status/2008957179793998266?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2008957179793998266%7Ctwgr%5Ea8d4c3aaf88bd8bfc614f35ff01e9af383546251%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fredstate.com%2Fbobhoge%2F2026%2F01%2F07%2Fbreaking-tensions-reach-boiling-point-in-minneapolis-as-woman-attacks-ice-with-vehicle-is-neutralized-n2197863 https://twitter.com/EricLDaugh/status/2008958131502768415?s=20  Source: redstate.com Geopolitical https://twitter.com/WadeMiller/status/2008657547629392370?s=20 https://twitter.com/sentdefender/status/2008906360537456723?s=20 https://twitter.com/sentdefender/status/2008912529087779051?s=20 On December 20th, the US Coast Guard and Navy attempted to board a sanctioned oil tanker off the coast of Venezuela. The tanker escaped, headed for the north Atlantic, painted a Russian flag on its hull, and has been operating under a new name (Marinera). US military aircraft are tracking the tanker off the coast of Ireland and are said to be preparing to board it. And now,  a Russian sub is enroute to intercept it. https://twitter.com/ConflictDISP/status/2008882720408305975?s=20 https://twitter.com/Rightanglenews/status/2008892280867000469?s=20 https://twitter.com/visionergeo/status/2008887222787887241?s=20 https://twitter.com/disclosetv/status/2008953776976134460?s=20 https://twitter.com/TankerTrackers/status/2008926432026632522?s=20 https://twitter.com/amuse/status/2008937593702916205?s=20  Putin’s side against Trump. TDSx1000 https://twitter.com/PeteHegseth/status/2008900933242032586?s=20 https://twitter.com/drawandstrike/status/2008633796317372618?s=20   that asshole pretending to be it’s President. Neither is the gal currently pretending she’s President of Mexico. When you figure out what the transnational crime syndicate is, and the kind of shit it’s been up to for over 130 years, some of you are gonna be awfully surprised. But then a lot of stuff you’re presently confused about will make sense. Brilliant Restitution Plan – President Trump Announces Interim Venezuela Oil Payment of $2 Billion  This is way beyond winning, this is stunningly brilliant strategy.  Not only has President Trump successfully apprehended Venezuela dictator Nicolas Maduro, but the remaining interim government officials have acquiesced to fund a civil restitution plan to pay for their malfeasance. The government that stole from its people is being forced to pay restitution for their own fraud, abuse and misconduct. [SOURCE] The 30 to 50 million barrels of oil is approximately a $2 billion self-created reconstruction effort. Compare and contrast this approach with the trillions of U.S. taxpayer funds that were used in the failed efforts in Iraq, Afghanistan, Libya, Syria, etcetera….  or even Kuwait, albeit the Kuwaiti's offered, but prior U.S. leadership chose influence over restitution. In this example, almost immediately the funds now in the control of President Trump can be deployed to the greater benefit of the Venezuelan people. Another way to look at this is like a type of ‘sovereign wealth fund' created by the corrupt Venezuelan officials, using the resources that belong to the Venezuelan people, to support the interim needs of the same citizens they victimized. Well done President Trump and Secretary Rubio! Source: theconservativetreehouse.com   The second phase will be a phase that we call recovery. And that is ensuring that American, western, and other companies have access to the Venezuelan market in a way that’s fair, also at the same time, begin to create the process of reconciliation nationally, within Venezuela, so that the opposition forces can be amnestied and released from prisons, and brought back to the country, and begin to rebuild civil society. And then the third phase, is of course will be one of transition. Some of this will overlap. I’ve described this to them (Venezuela) in great detail. We’ll have more detail in the days to follow. But we feel like we’re moving forward here in a very positive way. https://twitter.com/Matt_Bracken48/status/2008704247341183281?s=20   with a long-term secret IUD program, where Inuit women and young girls visiting Danish clinics for “health checks” were for unknowingly fitted with dangerous coil IUDs that were left in for years, leaving many sterile and in chronic lifelong pain. It was total “Dr. Mengele” stuff. The Inuit in Greenland are ripe for a better offer. And in any event, Denmark’s “claim” on Greenland is a total joke. Please read the whole Substack in the first reply. I’ll also do some more screen grabs in an X-thread to whet your appetite. War/Peace   me the Noble Peace Prize. But that doesn't matter! What does matter is that I saved Millions of Lives. RUSSIA AND CHINA HAVE ZERO FEAR OF NATO WITHOUT THE UNITED STATES, AND I DOUBT NATO WOULD BE THERE FOR US IF WE REALLY NEEDED THEM. EVERYONE IS LUCKY THAT I REBUILT OUR MILITARY IN MY FIRST TERM, AND CONTINUE TO DO SO. We will always be there for NATO, even if they won't be there for us. The only Nation that China and Russia fear and respect is the DJT REBUILT U.S.A. MAKE AMERICA GREAT AGAIN!!! President DJT Medical/False Flags The New Food Pyramid Health and Human Services Secretary Robert F Kennedy Jr has released a new food pyramid guide for Americans. The Dietary Guidelines for Americans released today meshes MAHA-influenced changes with longer-standing advice for people to cut sugar consumption while eating more protein, whole grains and colorful fresh vegetables and avoiding “highly processed” foods. Source: theconservativetreehouse.com [DS] Agenda https://twitter.com/WarClandestine/status/2008654733020717345?s=20 Medicaid Will ‘Claw Back’ Fraud Funds From Minnesota: Agency Head Minnesota will feel an “increasing vise grip of financial penalties” to help make up for taxpayer dollars lost to fraud, Dr. Mehmet Oz, administrator of the Centers for Medicare & Medicaid Service, said Jan. 6. His agency is auditing all 14 Medicaid programs that Minnesota flagged as vulnerable to fraud; that excludes 73 other Medicaid programs Minnesota runs. The agency also will “claw back that money” from current Medicaid payments that were to be made to Minnesota, Oz told Fox News. “This is a major problem for the state, because they've got to own the fact that they have been bilking the federal taxpayer [because of] their sloppy behavior for years,” Oz said. Oz said his agency has had difficulty tracking at least $500 million in Medicaid payments to Minnesota. Available data makes it hard to figure out how it was billed and “where it went,” he said.      Source: zerohedge.com President Trump's Plan https://twitter.com/JudgeJeanine/status/2008642273991393473?s=20  Today? Less than 10% not prosecuted.  This is what REAL enforcement looks like. Trump's federal surge is delivering results — law and order is being restored in DC. https://twitter.com/WallStreetApes/status/2008789449178579342?s=20  – Neville Roy Singham and his network – Hansjorg Wyss, a billionaire donor in Switzerland – Additional Foreign Cash – Reid Hoffman (Named by Trump) “It’s also big left-wing funders, some of them who are not citizens of this country, Mr. Hansjörg Wyss in Switzerland, they’re pouring money into this entire ecosystem.” “We have identified dozens of radical organizations, not just the decentralized Antifa organizations, but dozens of radical organizations that have received more than $100 million from the Riot Inc investors.” “I think the most shocking thing is that we have found that more than $100 million in US taxpayer funding has flowed into these funding networks” Trump Offers Blueprint on How Republicans Can Win the Midterms and Future Elections Trump said this to the GOP members: You gotta win the midterms. ‘Cause if we don’t win the midterms, it’s just gonna to be… I mean, they’ll find a reason to impeach me. I’ll get impeached. We don’t impeach them, you know why? Because they’re meaner than we are. We should have impeached Joe Biden for a hundred different things. Here is the second part They are mean and smart: but fortunately for you, they have horrible policy. They can be smart as can be, but when they want open borders, when they want, as I said, men in women’s sports, when they want “transgender for everyone!” Bring your kids in, we’re going to change the sex of your child. Just send them our way. […] We have great, common-sense policy. They have horrendous policy. What they do, is they stick together. They never have a no vote. Trump wasn’t whining that he is afraid of impeachment — he was spitting facts: if Democrats win, impeachment is inevitable; so, don’t let them win and show them this is how you do it. Trump made clear to Republicans that they must hammer home their common-sense, America-forward policies and contrast those against the truly terrible schemes of the Democrats. Trump said, “You can own health care. Figure it out. […]If you explain it: the money goes directly to the people, that’s going to be your issue.” Source: redstate.com (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");

Andy is joined by Dr. John Cochrane, Senior Fellow at the Hoover Institution at Stanford University, for a deep dive into fiscal theory, inflation, and the forces shaping today's global economy. Dr. Cochrane explains the fiscal theory of the price level and why inflation is ultimately driven by government debt and confidence in government bonds. Using the Eurozone as a case study, he explores the challenges of maintaining a monetary union without a corresponding fiscal or political union. The conversation also turns to artificial intelligence, examining how AI may disrupt employment in the short term while increasing productivity, wealth, and long-term economic growth. What You'll Learn in This Episode: - What the fiscal theory of the price level really says about inflation - Why government debt and credibility matter more than money printing alone - The Fed's role in balancing monetary and fiscal policy - Why the Euro highlights risks of monetary union without fiscal unity - How AI could reshape jobs, productivity, and economic growth Action Items - Explore Dr. John Cochrane's (available on Amazon) - Visit johnhcochrane.com for essays and free materials on fiscal theory Want to Learn More? Visit cashflowbonus.com to access free investing resources, including the ebook and action items discussed in this episode.

The trading day doesn't start when the opening bell rings. In this inaugural episode of 2026, Mark Longo is joined by a powerhouse panel to dissect a wild 2025 and forecast the trends shaping the European derivatives landscape in the year ahead. Inside This Episode: 2025 Retrospective: Why European financials and defense sectors outperformed the US mega-cap tech narrative. The Defense Boom: A look at the unprecedented returns in European defense indices (some up nearly 100%) and whether the momentum can survive potential geopolitical shifts. Banking on Europe: Why the STOXX Europe 600 Banks index returned a staggering 76% in 2025 and how the diversification of European mega-caps offers a unique play compared to US financials. Volatility Outlook: Russell Rhoads breaks down the VIX vs. VSTOXX and explains why the US remains the primary source of global "anticipatory" volatility. New Product Alert: Sophie Granchi (Eurex) discusses the shift toward Industry Futures and the demand for thematic trading in a de-globalizing world. The Red Phone: Listener Q&A The panel answers your burning questions on: Relative Value Trades: How to play the narrow calendar spreads in VSTOXX vs. the wider spreads in VIX. Institutional Rotation: Is the heavy volume in European Bank futures a "higher for longer" play or a flight from US markets? The Divergence Myth: Is the gap between the S&P 500 and STOXX cyclical or a permanent shift in global equity performance? Featured Guests: Mark Longo: Founder & CEO, The Options Insider Media Group Russell Rhoads: Kelly School of Business, Indiana University (a.k.a. Dr. VSTOXX) Sophie Granchi Head of Equity & Index Sales (EMEA), Eurex Arun Singhal: Global Head of Index Product Management, STOXX

Check out host Bidemi Ologunde's new show: The Work Ethic Podcast, available on Spotify and Apple Podcasts.In this episode, host Bidemi Ologunde connects four "seismic shifts" from the first week of 2026: Bulgaria adopting the euro, India's nationwide AI upskilling push, a shocking U.S. raid that captured Venezuela's president, and a deadly earthquake in Mexico. What do these seemingly unrelated events reveal about risk, resilience, and power in a world that changes overnight? What's one practical move you can make this week to stay adaptable?Email: bidemiologunde@gmail.comSupport for The Bid Picture podcast comes from Celsius. If you're working on a healthier relationship with technology, a small shift can help—step away from the scroll, take a walk, and reset your focus. Celsius is a convenient grab-and-go option for the moments you want energy with intention, so your day isn't powered by endless notifications. If you try Celsius, and they ask how you heard about it, please mention The Bid Picture podcast. Learn more at celsius.com.Support for The Bid Picture podcast comes from Audi. If you're trying to be more intentional with technology, it helps to choose experiences that support your attention—not compete for it. Audi blends performance with thoughtful design to make the drive feel focused and considered, giving you space to reconnect with what matters beyond the screen. If you check out Audi, and they ask how you heard about it, please mention The Bid Picture podcast. Learn more at audiusa.com.Support for The Bid Picture podcast comes from Amazon Prime. When tech feels like it's running your day, Prime helps you simplify the parts that don't need your attention—fast delivery, easy returns, and entertainment options you can choose intentionally, on your schedule. Build healthier boundaries with your screens by planning what you watch, when you watch, and letting the errands handle themselves. If you check out Amazon Prime, and they ask how you heard about it, please mention The Bid Picture podcast. Listeners can find out more from amazon.com/prime.Support the show

In Iran, at least seven people have been killed in anti-government protests that were triggered by a sharp fall in the value of the currency, a rising cost of living and an economy that's labouring under Western sanctions. The price of cigarettes looks set to rise in India. What will it mean for tobacco farmers?Also, factory activity in the Euro Zone area contracted further last month.Presenter: Gideon Long Producer: Ahmed Adan and Amber Mehmood Editor: Justin Bones

In der Neujahrsausgabe stehen politische Verantwortung, wirtschaftliche Weichenstellungen und ideelle Grundfragen im Mittelpunkt. Zum Auftakt nimmt sich Kontrafunk-Amerikaexperte Collin McMahon den Sozialbetrugsskandal im US-Bundesstaat Minnesota vor, der durch ein Video des Influencers Nick Shirley bekannt geworden ist. Im Fokus stehen staatliche Förderprogramme, Kindertagesstätten und die Rolle von Gouverneur Tim Walz. Der ungarische Journalist und Osteuropaexperte Boris Kálnoky analysiert den Beitritt Bulgariens zur Euro-Zone und erläutert dessen Folgen für Bevölkerung und Euro-Raum. Zum Abschluss spricht Wolfgang Fenske von der Bibliothek des Konservatismus über konservatives Denken im Jahr 2026 und über die Bedeutung von Tradition für politische Zukunftsentwürfe.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) The MSCI All Country World Index — one of the broadest measures of the equity market — has still risen 21% this year, supported by Federal Reserve interest-rate cuts and enthusiasm over artificial intelligence. Silver outperformed most assets, surging over 140%. Asian equities are primed for their best year since 2017.(2) President Xi Jinping declared China is set to meet its economic targets for 2025, with growth expected to reach “about 5%,” providing an upbeat backdrop to data showing a recovery in the nation’s manufacturing sector.(3) Rail services between London and continental Europe have resumed after a power issue in the Channel Tunnel led to mass cancellations yesterday. Some Eurostar passenger trains did manage to leave London but ground to a halt before entering the tunnel, forcing hundreds of passengers to spend the night stranded on board.(4) Thieves have stolen valuables worth millions of euros from safety deposit boxes inside a German bank vault. Images released by police show a large hole drilled through a wall and the vault left ransacked. According to Sparkasse bank, around 2,700 customers were affected by the theft in the city of Gelsenkirchen (5) Warner Bros Discovery plans to once again reject a takeover bid from Paramount Skydance Corp. after the rival media company amended the terms of its offer, according to people familiar with the company’s thinking.Podcast Conversation: How Wine Will Change in 2026, From Climate Impacts to Gen ZSee omnystudio.com/listener for privacy information.

Aller Europaskepsis und politischer Instabilität zum Trotz: Am 1. Januar 2026 wird sich Bulgarien vom Lew verabschieden und der Eurozone beitreten. Das Land habe sich ökonomisch in den vergangenen 20 Jahren gut geschlagen, findet ein Experte.**********In dieser Folge mit: Moderation: Diane Hielscher Gesprächspartner: Oliver Soos, ARD-Korrespondent für Albanien, Bosnien-Herzegowina, Bulgarien, Kosovo, Kroatien, Nordmazedonien, Montenegro, Österreich, Serbien, Slowenien, Rumänien, und Ungarn, mit Sitz in Wien**********Ihr könnt uns auch auf diesen Kanälen folgen: TikTok und Instagram .

In den letzten 18 Monaten gab es in der Eurozone acht Zinssenkungen. Vier Zinssenkungen erfolgten in 2024 und vier Zinssenkungen erfolgten in 2025. Im Rahmen der letzten geldpolitischen Sitzungen pausierte die Europäische Zentralbank (EZB) und behielt die Leitzinsen konstant.  Trotz dieser Zinssenkungen sind auf Jahressicht in 2025 die Renditen von Bundesanleihen (= Marktzinsen) am langen Ende (z.B. 10-jährige oder 30-jährige) angestiegen. In dieser Folge sprechen wir über die Hintergründe des Zinsanstiegs trotz Zinssenkungen und besprechen, welche Chancen sich ergeben. Jeden Sonntag mehr Geldbildung direkt in Dein E-Mail-Postfach. Seit 2014. Schließe Dich über 10.000 cleveren Geldbildern an: Jetzt Teil der sonntäglichen Community werden Werde Teil des ICs von Geldbildung, hole Dir Geldbildung als Sparringspartner an Deine Seite und lerne regelmäßig spannende Investment-Cases kennen: Jetzt Mitglied werden Hinweis: die in dieser Podcast Folge genannten Informationen sind zu keinem Zeitpunkt als Anlageempfehlung zu verstehen. 

https://thecommunists.org/2025/12/16/news/protests-in-bulgaria-government-fall/ It is becoming increasingly difficult to distinguish between a popular movement and a provocation. The events in Bulgaria mixed elements of both. Members of the 23 September movement participate in the anti-government protests with a message against the Eurozone, the EU, Nato and imperialist domination of Bulgaria. Subscribe! Donate! Join us in building a bright future for humanity! www.thecommunists.org www.lalkar.org www.redyouth.org Telegram: t.me/thecommunists Twitter: twitter.com/cpgbml Soundcloud: @proletarianradio Rumble: rumble.com/c/theCommunists Odysee: odysee.com/@proletariantv:2 Facebook: www.facebook.com/cpgbml Online Shop: https://shop.thecommunists.org/ Education Program: Each one teach one! www.londonworker.org/education-programme/ Join the struggle www.thecommunists.org/join/ Donate: www.thecommunists.org/donate/

Bulgarien tritt zu Beginn des Jahres der Eurozone bei. Wie das funktionieren soll mit einem Land, das große wirtschaftliche und politische Problem hat, weiß niemand so genau. Autor: Oliver Soos Von WDR 5.

Am 1. Januar tritt Bulgarien der Eurozone bei. Das ist fix. Gleichzeitig ist das Land im Moment aber ein echtes Sorgenkind in der EU. Denn Bulgarien ist das ärmste und das zweitkorrupteste Land der EU.

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we start with news of some messy US data which Wall Street is nervous about, but elsewhere most other countries are on the improve (China excepted).But first up today, the overnight dairy auction was another bad one with prices down -4.4% in USD terms and down -5.4% in NZD terms. The key WMP price fell -5.7% in USD terms. This is now serious. The recent downgrades to current season milk payout forecasts are going to get looked at again by the analysts. Since the peak in May, theses prices have dropped -25% and are down -17% from this time last year. We are in a full bear market for dairy prices. Making it worse is that we are now just past the seasonal peak of the milk curve, which will take the top off the country's export earnings. Yesterday's MPI SOPI is already out of date, and even that wasn't very positive about earnings from dairy exports.The catch up update of the US labour market didn't really reveal much or surprise many. It reported a steep drop in October and a half-bounce-back in November. The net result is a loss of -41,000 jobs over the period of the US Government shutdown. Not seasonally adjusted, there was a good +920,000 rise in employment from September to November, but this is far less than the +1,355 mln in the same 2024 period. Despite their unemployment rate rising to 4.6% and a four year high, their labour market isn't a net drag yet, but it is now getting close.The more current weekly jobs report from ADP recorded a small gain last week, but the prior week's gain was revised sharply lower.But overall, this latest jobs data is messy, and probably no help to the Fed when setting monetary policyMeanwhile US retail sales in October showed no gain from September to maintain their year-on-year +3.8% gain, just marginally ahead of current US inflation. These latest results have been dragged lower by declining car sales.The flash American December factory PMI came in positive, but only just and a six month low.Across the Pacific in Japan, their flash December PMI reported an increase in new orders supporting a rise in business activity. But their factory PMI isn't quite yet at expansion despite the improvement.In India, their factory PMI shows output rising strongly, but the momentum is showing signs of slowing. Most countries would love PMI's like they have however.In the Eurozone, business activity rose again in December to complete full calendar year of expansion. But their factory PMI dipped slightly to take the top off the result. Hurting was the re-emergence of inflationary pressure.The latest S&P Global PMI for Australia for December finds the factory sector expanding in a minor way and a little faster than in November helped by expanding new order levels. But the service sector is now expanding slower, in fact barely expanding.Staying in Australia, the Westpac-Melbourne Institute survey of consumer confidence retreated in December and by more than expected and into net negative territory. In fact, no change was expected. The survey found a sharp change in what is expected for mortgage rates, going from a expecting a fall, to now expecting them to rise. Views on the economic outlook and household finances have deteriorated, but those surveyed are still confident about the Australian labour market. Views on homebuying and house prices have been pared back.The UST 10yr yield is now at 4.16%, down -2 bps from this time yesterday. The key 2-10 yield curve is still at +67 bps. The price of gold will start today at US$4297/oz, and up +US$2 from yesterday.American oil prices are down another -US$1 at just under US$55.50/bbl and a new five year low, while the international Brent price is now just on US$59/bbl.The Kiwi dollar is unchanged from yesterday, at just on 57.9 USc. Against the Aussie we are +10 bps firmer at 87.3 AUc. Against the euro we are down -10 bps at 49.2 euro cents. That all means our TWI-5 starts today at just on 62, and littel-changed from yesterday.The bitcoin price starts today at US$87,541 and up +1.4% from this time yesterday. Volatility over the past 24 hours has been modest, at just on +/- 1.5%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Kristina Clifton and Samara Hammoud discuss the top influences on currency markets this week including a range of US economic data and central bank policy meetings in the UK, Eurozone and Japan.    Disclaimer:    Important Information   This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”).  Before listening to this podcast, you are advised to read the full GEMR disclaimers, which can be found at www.commbankresearch.com.au.   No Reliance  This podcast is not investment research and nor does it purport to make any recommendations. Rather, this podcast is for informational purposes only and is not to be relied upon for any investment purposes.  This podcast does not take into account your objectives, financial situation or needs. It is not to be construed as a solicitation or an offer to buy or sell any securities or other financial products, or as a recommendation, and/or investment advice. You should not act on the information in this podcast.   The Bank believes that the information in this podcast is correct and any opinions, conclusions or recommendations made are reasonably held at the time given, and are based on the information available at the time of its compilation. No representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made.  Liability Disclaimer  The Bank does not accept any liability for any loss or damage arising out of any error or omission in or from the information provided or arising out of the use of all or part of the podcast.   Usage of Artificial Intelligence  To enhance efficiency, GEMR may use the Bank approved artificial intelligence (AI) tools to assist in preparing content for this podcast. These tools are used solely for drafting and structuring purposes and do not replace human judgment or oversight. All final content is reviewed and approved by GEMR analysts for accuracy and independence.   

Die EZB dürfte ihre Zinspause an diesem Donnerstag verlängern – trotz eines leichten Inflationsanstiegs auf 2,2 %. Notenbanker sehen die Eurozone insgesamt auf Kurs und warnen vor zu viel Mikromanagement in der Geldpolitik. Neue Projektionen bis 2028 sollen zeigen, wie sich Inflation, Wachstum und Risiken – etwa durch den US-China-Konflikt – entwickeln. Während Investoren kaum noch mit weiteren Zinsschritten rechnen, warnt die EZB zugleich vor neuen Unsicherheiten, darunter eine mögliche KI-Blase.

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world's largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 4th December 2025.

Nigel Farage has told donors he expects to do an election deal with the Conservatives, and the race to narrow OpenAI's dominance in the chatbot race. Plus, Eurozone inflation unexpectedly turns higher and China's biopharma industry could be a threat to western dominance in the sector. Mentioned in this podcast:Farage tells donors he expects to do an election deal with the ToriesMistral unveils new models in race to gain edge in ‘open' AIOpenAI's Sam Altman declares ‘code red' after rivals make advances Eurozone inflation unexpectedly rises to 2.2% in NovemberWill the next blockbuster drug come from China?Donald Trump says he will nominate Federal Reserve chair in ‘early' 2026Note: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT's acting co-head of audio is Topher Forhecz. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Anlässlich von 25 Jahren Partnerschaft trafen sich Ende November 2025 die Führungsspitzen von Europäischer Union (EU) und Afrikanischer Union (AU) sowie zahlreiche Staats- und Regierungschefs von Mitgliedstaaten beider Organisationen in der angolanischen Hauptstadt Luanda. Anwesend war auch der französische Staatspräsident Emmanuel Macron.Das siebte Gipfeltreffen EU-AU stand unter dem Motto „Förderung von Frieden und Wohlstand durch wirksamen Multilateralismus“. Nicht auf der Agenda stand allerdings das Problem, dass 14 Staaten der Region – alles ehemalige französische Kolonien – „heimliche“ Mitglieder der Eurozone sind. Ein Überbleibsel der französischen Kolonialpolitik. Die Bindung der Währung dieser Länder an den Euro verfestigt Handelsstrukturen und erschwert die wirtschaftliche Entwicklung der Region. Dieses Problem hat Daniel Stelter bereits in Folge #134 Der verratene Kontinent mit dem Schweizer Ökonomen Beat Kappeler diskutiert. Zeit für ein bto REFRESH.Hörerservicebeyond the obviousNeue Analysen, Kommentare und Einschätzungen zur Wirtschafts- und Finanzlage finden Sie unter think-bto.com.NewsletterDen monatlichen bto-Newsletter abonnieren Sie hier.RedaktionskontaktWir freuen uns über Ihre Meinungen, Anregungen und Kritik unter podcast@think-bto.com.ShownotesHandelsblatt-Aktion vom 14. November bis 8. Dezember 2025 – Für alle, die schon länger mit einem Handelsblatt-Abo liebäugeln: Das gibt es jetzt für 12 Monate mit 50 % Rabatt – gedruckt oder digital. Mit fundierten Recherchen, starken Meinungen und exklusiven Hintergründen behalten Sie den Überblick über die wichtigsten Wirtschaftsthemen. Das Aktionsangebot finden Sie unter handelsblatt.com/podcast50. WerbepartnerInformationen zu den Angeboten unserer aktuellen Werbepartner finden Sie hier. Hosted on Acast. See acast.com/privacy for more information.

Thinking in English BLACK FRIDAY SALE (50% Off Annual Memberships) - ⁠https://www.patreon.com/thinkinginenglish What is the EU? Is it just a group of countries in Europe? Is it a trade bloc? Or is it something much more complex? When people talk about the EU, they often mention things like the Euro, the Schengen Zone, or European laws, but many people don't actually know what the EU really is or how it works. In today's episode of Thinking in English, I want to explore the European Union, which I think one of the most ambitious and influential political projects in modern history. We'll look at what the EU actually is, how and why it was created, and what its main institutions do. I'll also try to clear up some common confusions, like the difference between the Eurozone, the Schengen Area, and the EU itself. Finally, we'll examine its successes and criticisms, discuss why the United Kingdom decided to leave, and consider what the future of the European Union might look like, all while learning some new vocabulary and practicing your English comprehension! Conversation Club - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.patreon.com/thinkinginenglish⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TRANSCRIPT - https://thinkinginenglish.blog/2025/12/01/364-what-is-the-eu-english-vocabulary-lesson/ AD Free Episode - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.patreon.com/thinkinginenglish⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Thinking in English Bonus Podcast -⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.patreon.com/collection/869866⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ YouTube Channel -⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@thinkinginenglishpodcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠INSTAGRAM - thinkinginenglishpodcast (⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.instagram.com/thinkinginenglishpodcast/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠) ⁠⁠⁠⁠⁠⁠⁠ My Editing Software (Affiliate Link) - ⁠https://descript.cello.so/BgOK9XOfQdD⁠⁠⁠⁠⁠⁠⁠ ⁠ Borough by Blue Dot Sessions Contact ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertising@airwavemedia.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to advertise on Thinking in English. Thinking in English is part of the ⁠⁠⁠⁠⁠Airwave Media podcast network.⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

De nieuwe beursweek staat voor de deur. Er komen onder meer cijfers aan van Salesforce en Inditex. Maar de week wordt vooral gedomineerd door macro-economische cijfers. Zo komen het CBS en Eurostat met voorlopige inflatiecijfers voor november. Jim Tehupuring van 1Vermogensbeheer richt zijn pijlen op de Verenigde Staten. Deze week krijgen we weer inzage in de arbeidsmarkt daar. Op vrijdag bevat het banenrapport zelfs cijfers uit oktober én november. De kans op een renteverlaging volgende maand lijk steeds groter te worden. Fed-watch is al voor meer dan 80 procent dat er in december weer een kwartje afgaat. Daar sluit Jim zich bij aan. In Beurs in Zicht stomen we je klaar voor de beursweek die je tegemoet gaat. Want soms zie je door de beursbomen het beursbos niet meer. Dat is verleden tijd! Iedere week vertelt een vriend van de show waar jouw focus moet liggen.See omnystudio.com/listener for privacy information.

The US Thanksgiving holiday has given stock markets globally a brief pause following the strong performance earlier in the week. With Asian markets trading mixed this morning, attention shifts to key eurozone inflation data, while US markets resume trading for a shortened session. In today's programme, we welcome Nicolas Jordan from the CIO Office, who discusses the concerns around potential cracks in the artificial intelligence capital expenditure cycle.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:28) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (06:23) - Update from the CIO Office: Nicolas Jordan, CIO Strategy & Investment Analysis (11:29) - Closing remarks: Helen Freer, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

Wealth inequality is on the rise around the world and right here in Europe. The wealthiest 5 percent of the population in the Eurozone control 45 percent of net household wealth. Just three countries on the continent have imposed a tax on individual net wealth: Norway, Switzerland and EU member state Spain. 

We are joined in our latest edition of BM Talks by Mike Bell. Mike is an independent macro strategist who spent a decade at JP Morgan Asset Management where he led international investment teams and advised institutional clients on the economic outlook across asset classes. He studied Social and Political Sciences at Cambridge University and is a CFA Charterholder.We asked: Why do you think the Bank of England will cut rates further?What drives the difference between UK and Eurozone inflation?Where should investors put their money for the long term? With the collapse of First Brands causing question marks over just how exposed everyone is to private credit, how should allocators think about non-public markets?Should fund managers spend more time on history and politics than economics these days?

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world's largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 6th November 2025.

De inflatie bleef in oktober met 3,1 procent op jaarbasis ruim boven de doelstelling van rond de 2 procent. Volgens Bas Jacobs, hoogleraar economie en overheidsfinanciën aan de Vrije Universiteit, spelen de uitgaven van onze overheid daar een belangrijke rol in. ‘De Nederlandse overheid geeft eigenlijk veel te veel gas met de begroting.’ Ook gekeken naar de politieke partijen die bezig zijn met ‘elkaar besnuffelen’ in de formatie, ziet Jacobs dat de meeste partijen ook in een komende regeerperiode van plan zijn om flink te blijven besteden. Met als gevolg dus een aanhoudend te hoge inflatie in Nederland. ‘De remweg van inflatie is heel lang, de lonen blijven lang hoog. Dat betekent ook dat op dit moment het monetaire beleid van de ECB voor Nederland te ruim is.’ Het monetaire beleid van de Europese centrale bank is gericht op het gemiddelde van de Eurozone, en daar daalt de inflatie op dit moment richting de 2 procent. ‘Dat betekent dat we in Nederland eigenlijk krapper moeten gaan begroten, en dat zie ik vooralsnog niet gebeuren’, aldus Jacobs. See omnystudio.com/listener for privacy information.

The US Federal Reserve delivered a widely anticipated rate cut, but growing divisions among policymakers spooked markets. Strong AI-driven spending fuelled big-tech earnings, but the outlooks dented the bullish mood. Eurozone markets gained on robust banking performance, while the main indices in the UK and Spain hit another all-time high. The Bank of Japan opted to leave rates unchanged at its meeting today. The meeting between Presidents Trump and Xi ended and has eased some global trade concerns – but underlying tensions persist. Norbert Rücker, Head of Economics and Next Generation Research, talks about rare earths as well as oil in light of the latest sanctions.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:31) - Markets wrap-up: Mike Rauber, Product & Investment Content (07:41) - Oil and rare earths: Norbert Rücker, Head of Economics & Next Generation Research (13:05) - Closing remarks: Helen Freer, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

Samara Hammoud and Carol Kong discuss the top influences on currency markets this week including the latest US-China trade talks, Australian inflation data, and central bank meetings in the US, Canada, Japan, and the Eurozone.   Disclaimer:    Important Information   This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”).  Before listening to this podcast, you are advised to read the full GEMR disclaimers, which can be found at www.commbankresearch.com.au.   No Reliance  This podcast is not investment research and nor does it purport to make any recommendations. Rather, this podcast is for informational purposes only and is not to be relied upon for any investment purposes.  This podcast does not take into account your objectives, financial situation or needs. It is not to be construed as a solicitation or an offer to buy or sell any securities or other financial products, or as a recommendation, and/or investment advice. You should not act on the information in this podcast.   The Bank believes that the information in this podcast is correct and any opinions, conclusions or recommendations made are reasonably held at the time given, and are based on the information available at the time of its compilation. No representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made.  Liability Disclaimer  The Bank does not accept any liability for any loss or damage arising out of any error or omission in or from the information provided or arising out of the use of all or part of the podcast.    

Technieuws Microsoft beëindigde vorige week officieel de ondersteuning voor Windows 10 | TPM 2.0 omzeilen voor Windows 11 11de lancering van Starship werd een succes | SLS vs. Starship voor Artemis Wet die politieke advertenties sterk beperkt is vanaf vrijdag actief. California keurt wet goed die AI-companions reguleert. Apple kondigt nieuwe iPad, instap MacBook Pro 14” en Vision Pro met M5 aan | Apple levert geen oplader meer bij Macbook Pro M5 | Qualcomm’s mobiele en laptop chips zijn veelbelovend Europa verplicht minimaal één USB-C-poort op opladers. Sony bevestigd komst van Horizon Zero Dawn film | Amazon bestelt twee seizoenen rondom God of War | Ghost of Tsushima anime-serie op Crunchyroll Reportage: De link tussen bordspellen en video games (2/4): Pac-Man Deep dive(s) Nederlandse regering zet topman van chipfabrikant Nexperia op non actief vanwege wanbestuur | NFC chip in de iPhones | Een reconstructie van de ‘nationalisering’ | Hoe nu verder | De Amerikaanse regering nam in augustus 10% van de aandelen van Intel over Sinds 9 oktober moeten SEPA-transfers in de Eurozone instant uitgevoerd worden zonder meerprijs t.o.v. een gewone overschrijving.

Hoffnung auf Frieden im Nahen Osten - eine gute Nachricht. Was könnte das für die Rohstoffmärkte bedeuten? „Wirklich schön, dass es mal gute Nachrichten aus dem Nahen Osten gibt. Was bedeutet das für die Rohstoffmärkte? In erster Linie betrifft das Öl natürlich. Es war immer eine gewisse Risikoprämie in den Ölpreis in den letzten Monaten und Jahren eingepreist. Jetzt haben wir eine starke Reaktion der Ölpreise gesehen: Sie sind tatsächlich auf ein Fünf-Monats-Tief zurückgefallen", erklärt Michael Blumenroth im Rohstoff-Talk. Der Rohstoffanalyst der Deutschen Bank weiter: „Hätte ich vor Jahresbeginn auch nicht erwartet - also nicht in dem Ausmaß. Es spielen drei, vier Faktoren eine große Rolle. Vielleicht die Größte: Wir haben Unsicherheiten in der Politik. Der US-Dollar war auf Talfahrt - zum Euro hat er jetzt seit Jahresbeginn ungefähr 13 Prozent verloren. Das bedeutet, dass Gold in der Eurozone vom Währungseffekt etwas günstiger geworden ist. Wir haben die Staatsverschuldung der großen Industrieländer. Deutschland gönnt sich jetzt auch einen kräftigen Schluck aus der Pulle. Und die Fed will die Zinsen senken, das wird sehr positiv aufgenommen. Wer kauft das meiste? Notenbanken kaufen weiterhin. Gerade China. Privatanleger sind auch dabei. Gerade bei den ETF-Käufen in den USA. Da haben wir gerade die stärkste Nachfrage seit Einführung solcher Produkte gesehen. Man kann es nicht ausschließen, dass wir die Marke von 5.000 Dollar innerhalb der nächsten Monate schnell sehen werden. Die Argumente für Gold halten weiter an. Ich würde immer in ETFs/ETCs investieren. Man muss sich um nichts kümmern. Wir empfehlen immer 5-10 Prozent." Alle Details gibt es im Interview von Inside Wirtschaft-Chefredakteur Manuel Koch an der Frankfurter Börse und auf https://www.xetra-gold.com

We hear from a slew of ECB board governors at the IMF Annual Meetings in Washington where they tell us the European economy is on the right trajectory to bringing inflation down and to boost growth but they remain divided over on how to tackle potential future pitfalls. U.S. Treasury Secretary Scott Bessent tells CNBC the White House will act in the U.S.'s best interest as the trade war with China threatens to flare up once again. Bessent said the stock market will not influence any U.S. government decisions. Nestlé posts better than expected Q3 sales with investors anticipating new CEO Philippe Navratil's new strategy for the Swiss food giant. And in tech news, the world's largest contract chip maker, TSMC, posts a near 40% rise in net profit in the third quarter.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Eurozone's second-largest economy is battling a deep political crisis. It all started when French President Emmanuel Macron called snap elections last year in an attempt to consolidate his power. Instead, they resulted in a hung parliament and gains for the far right. Now, France's sixth prime minister in under two years has been forced to abandon one of the president's key achievements just to hold his government together.

Are markets completely disconnected from economic reality? In this exclusive conversation, Lance Roberts of RIA Advisors sits down with Daniel LaCalle, Chief Economist at Tressis and author of Freedom or Equality, to examine the illusion of wealth, sovereign-debt bubbles, and why the next global crisis may already be forming beneath the surface.

Are markets completely disconnected from economic reality? In this exclusive conversation, Lance Roberts of RIA Advisors sits down with Daniel LaCalle, Chief Economist at Tressis and author of Freedom or Equality, to examine the illusion of wealth, sovereign-debt bubbles, and why the next global crisis may already be forming beneath the surface.

Stephan Livera interviews Prashanth, the CEO and founder of Bringin, a startup focused on providing seamless Bitcoin solutions for users in the Eurozone. Prashanth shares his journey into the Bitcoin space, the pain points he identified regarding Bitcoin liquidity, and how Bringin addresses these challenges through innovative products like virtual IBAN accounts and debit cards. The conversation also touches on user feedback, regulatory impacts, and future developments for Bringin.Takeaways:

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world's largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 6th October 2025.

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureThe EU is experiencing inflation, layoffs and construction is shrinking, the fake news is trying to make it seem like everything is fine. Trump is now placing tariffs on trucks starting Nov 1.Oil will be dropping.Inflation holding steady for the holidays. New position created in the IRS, restructuring coming. Our Founding Fathers warned us. The [DS]/Swamp is fighting back. They are now in the process of forming an insurrection against the US. The enemy is doing what they do best, never interfere with the enemy while they are in the process of destroying themselves. Trump is bring them down the path to destruction. The people are behind him. It had to be this way.   Economy Eurozone Construction Keeps Shrinking As Orders And Jobs Fall Construction activity, new orders, and jobs in France and Germany took another hit in September, while Italy stood out with rare gains—but cost pressures and weak demand still weigh heavily across the region.   Construction activity across the eurozone slumped again last month, with the HCOB Construction PMI falling to 46.0—showing continued declines in major markets like France and Germany, even though Italy bucked the trend with rare growth. What does this mean? Eurozone builders are having a rough ride. September saw new orders tumble in both France and Germany, dragging down residential and commercial construction to their lowest points in months. Layoffs are picking up in these countries as firms react to thin pipelines and soft demand. On Source:  finimize.com  (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");    https://twitter.com/SecScottBessent/status/1975185265283981527   of driving growth and efficiency in the private and now public sector. Under his leadership at SSA delivering on President Trump's agenda, he has already made important and substantial progress. We are pleased that he will bring this expertise to the IRS as we sharpen our focus on collections, privacy, and customer service in order to deliver better outcomes for hardworking Americans.   The IRS was created in 1913 to go right along with the creation of the Federal Reserve.  We are borrowing a private corporation currency, since we are borrowing it there is interest attached to it. How do you collect the interest on the money, how do you make sure nobody is ripping off the private corporation, you need an enforcer.  The IRS.    Internal vs External Revunue The newly created position of Chief Executive Officer (CEO) of the Internal Revenue Service (IRS) for Frank Bisignano involves the following key duties and responsibilities, as outlined in the official Treasury Department announcement: Reporting directly to Acting IRS Commissioner Scott Bessent. Managing the overall IRS organization. Overseeing all day-to-day IRS operations. the newly created CEO position for Frank Bisignano appears designed to facilitate restructuring and modernization efforts at the IRS, drawing on his extensive background in corporate transformations, mergers, and efficiency drives.Key Indications from Official Sources

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureThe Eurozone is now seeing inflation pickup, unemployment is now rising, Germany will be laying off thousands of people. The green new scam is destroying Europe. Trump shutdown the green new scam in the US and now he is lowering energy costs. The economy is moving to the next level. The [DS] is pushing a hybrid war with Russia. They are trying to convince the people of the world that Russia is flying drones over Europe, not one nation has shot the drones down, the question is why. Trump knows the [DS] is pushing war, he needs to the people to push back with peace. Trump has trapped the [DS] in regards with Hamas, they have no choice but to have peace. Trump is defunding and weakening the [DS] every step of the way so we can have accountability and arrests.   Economy Eurozone unemployment rate rises to 6.3% in August, aggregate increase of 11,000 workers Intermoney | The unemployment rate rose by one tenth of a percentage point in August to 6.3% across the Eurozone as a whole. We could have guessed this once we saw the data, which was somewhat unfavourable and showed an increase of 14,000 in the number of unemployed. At the aggregate level for the eurozone, this increase was 11,000, offset by other more moderate readings. However, we continue to see that tension in the labour market is gradually easing, especially when we consider that employment expectations have weakened.  Source:  thecorner.eu  German Auto Industry Expected to Lose 100,000 Jobs in Next Four Years Following the “Build Back Better” agenda, the EU went all in for green energy proposals.  EU banking and finance followed suit, funding investment capital for electric vehicles (EVs) to replace combustion engines.  Unfortunately, this put the EU, specifically Germany, in the position of competing against the largest EV industrial base in the world, China. The second major flaw was capital only flowing to the EV sector, and Europeans -along with the majority of the industrial west- are just not buying EVs at a production capacity to match prior investment. Put it all together and Germany is trying to compete with China to produce a product their consumer base doesn't want. GERMANY – ZF Friedrichshafen's announcement that it is cutting 7,600 positions adds to the German supplier industry's troubles as parts makers struggle to manage the shift to EVs, along with falling demand for combustion engine components and increased competition from Chinese suppliers. Including job losses at Volkswagen, Audi, and Porsche, the German auto industry is expected to eliminate nearly 100,000 jobs by 2030, according to an analysis by Bloomberg. Bankruptcies among German suppliers are climbing sharply, with 30 percent more expected in 2025 compared with last year, according to a report from consultancy Falkensteg.  Source: theconservativetreehouse.com (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); https://twitter.com/KobeissiLetter/status/1973857269935939833 +1.82% on a year-over-year basis, the smallest gain since July 2023. Meanwhile, US home values adjusted for inflation recorded their third consecutive monthly decline. Despite this, real home prices remain ~10% above their 2006 housing bubble pe...

While September's PMI print didn't move markets in the U.S., Kevin Green urges investors to keep their eyes on international economies. He talks about how Germany is acting as a buoy for the Eurozone PMI as tariff uncertainty lingers over the EU. Additionally, South Korea's president warned of a financial crisis if the U.S. continues its investment demands.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Fed Rate Cut Analysis and Market Reactions - Dividend Cafe In this episode of Dividend Cafe, Brian Szytel discusses the latest Federal Reserve rate cut by 25 basis points, bringing the Fed funds rate to a range of 4 to 4.25%. He reviews the Fed's dual mandate shift from inflation concerns to labor market softening, the unanimous vote except for one dissent favoring a larger cut, and projections for additional rate cuts by year-end. Brian evaluates the Fed's upgrade of GDP growth projections and the sustained inflation rate around 3%. He examines market reactions, interest rate trends, and potential impacts on credit spreads, small caps, and money markets. Lastly, he explores the implications of substantial funds in money market accounts and uses a Eurozone case study to contextualize interest rate impacts. 00:00 Introduction and Welcome 00:08 Fed's Policy Rate Decision 01:59 Market Reactions and Analysis 03:04 Credit Spreads and Interest Rates 04:03 Money Market Funds Discussion 06:50 Conclusion and Final Thoughts Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

A sell-off in government bonds spilled into the equity market as stocks fell on Tuesday, and Eurozone inflation ticked up to 2.1 per cent in August. Plus, European banks are intensifying their calls for regulators to remove obstacles to cross-border banking services in the EU. Mentioned in this podcast:European banks push for lower cross-border hurdlesUS stocks fall as bond sell-off spills into equitiesEurozone inflation rises to 2.1% in AugustPound falls as UK long-term borrowing costs hit highest level since 1998Sign up for the FT Weekend Festival at ft.com/festival and use the promo code “FTPodcasts” for 10 per cent off.Today's FT News Briefing was produced by Fiona Symon, Victoria Craig Katya Kumkova and Marc Filippino. Additional help from Kelly Garry, and David da Silva. The FT's acting co-head of audio is Topher Forhecz. The show's theme music is by Metaphor Music. Hosted on Acast. See acast.com/privacy for more information.

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger Picture The EU is feeling the pressure, without the US the EU economy is nothing, same goes with most of the countries around the world. Trump is reversing the [CB] trade policies. The Fed is panicking, Trump is going after the Fed and they are trying to stop him, so they ruled on his parallel system, this will fail. Trump and the patriots are putting everything place to make sure the [DS] cannot cheat the midterms. Trump is doing everything he can without congress passing laws. The pieces are coming together and it will be difficult for the [DS] to cheat. This has to be done to take back full control. The [DS] is building the narrative to counter this by pushing the idea that Russia is responsible for immigration and cyber attacks in the EU. Playbook known.   Economy Eurozone's Economic Outlook Worsens Amid U.S. Tariffs, Domestic Pressures the Eurozone's economic outlook has indeed deteriorated, driven by a combination of external pressures from U.S. tariffs and internal domestic issues. Recent data from the European Commission shows a decline in economic sentiment, signaling broader pessimism among businesses and consumers.   The tariffs target key EU exports, leading to reduced demand and higher costs.Key quantitative impacts from analyses include:  Estimates vary by scenario, but a baseline tariff increase could reduce EU GDP by 0.2% to 0.8%. For instance, in a symmetric tariff war, GDP might fall by 0.8-1.2%, with Germany facing a 0.4% contraction.   The EU's trade surplus with the U.S. is shrinking amid surging imports, exacerbated by trade diversion from China (e.g., a 12% year-on-year increase in Chinese exports to the EU as of May 2025).   The automotive industry faces double-digit hits to earnings, with potential 53% drops in export demand for machinery and equipment under a 10% tariff hike. Pharmaceuticals and chemicals are also at risk, though some exemptions apply. Sector 2023/2024 EU Exports to U.S. (EUR billion) Potential Impact from Tariffs Machinery & Equipment 157.7 High vulnerability; 53% export demand drop per 10% tariff Automotive Not specified (major exposure) Double-digit EBIT declines for key firms Pharmaceuticals 54.6 Exempt currently, but risk if targeted Chemicals & Metals Significant (part of broader exposure) Asset quality deterioration in banking Employment effects are notable, with 8,000-10,000 job losses estimated per EUR 1 billion reduction in exports, potentially raising unemployment by 0.1% in hard-hit countries like Germany and Ireland. Source: wsj.com Trump Canceling $679M in Federal Funding for Offshore Wind Projects The Trump administration said on Friday it was canceling $679 million in federal funding for 12 offshore wind projects, including $427 million for a California project. U.S. Transportation Secretary Sean Duffy announced that the department was canceling or terminating awards made under the administration of former President Joe Biden. Source: newsmax.com (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); https://twitter.

Bob is the created and owner of Trade Genius Academy. Bob also does a podcast on YouTube which is called Trade Genius. Bob begins the conversation talking  about how Germany appears to be in a recession, with its economy contracting by 0.3% in the second quarter amid slowed exports due to U.S. tariffs and rising unemployment above 3 million, while forecasts predict stagnation or zero growth for the year, marking a prolonged period of economic inactivity. This downturn could potentially spread to other EU nations, as Germany's role as an economic anchor contributes to deteriorating Eurozone sentiment and slower projected growth of around 1.1% for the EU and 0.9% for the euro area, though analysts suggest the bloc may avoid a full recession despite trade uncertainties and fiscal tightening. Meanwhile, Bitcoin has fallen about 1.9% in the past 24 hours to around $111,119, driven by a massive whale dump of 24,000 BTC, a $13.8 billion options expiry, Binance Futures going offline, and broader bearish technical indicators following its peak at $124,436 earlier in the month. Gold prices are also slightly down today, with spot prices at $3,410 per ounce (a 0.15% dip) amid a firmer dollar and anticipation of U.S. PCE inflation data, though the metal is on track for a monthly gain supported by expectations of Federal Reserve actions; potential longer-term declines could stem from cooling inflation, reduced geopolitical tensions, and lower investor demand. Market expectations are high for the Fed to cut interest rates in September, with odds at over 90% for a 25-basis-point reduction as signaled by Chair Powell and Governor Waller, amid sputtering job growth and a focus on labor market risks. If the Fed proceeds with the cut, it could stimulate economic growth by lowering borrowing costs, encouraging business investment, hiring, and consumer spending, while easing pressures on mortgages and auto loans, though excessive cuts risk reigniting inflation and eroding purchasing power. Conversely, if the Fed holds off, it might help contain inflation but could slow the economy further by maintaining high financing costs, potentially leading to reduced business expansion, higher unemployment, and subdued growth, with risks of market turmoil if perceived as too hawkish. 

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger Picture ECB President is pushing the WEF climate agenda, she wants the banks in charge and to dictate how to tax the people. Germany's economy is in a recession. Trump is bringing the manufactures to the US. The Fed is trapped, if they lower a little Trump will blame them, Trump and Bessent made it clear it must be a big cut. The [DS] is currently using the Judiciary as a delay tactic. They will try to delay Trump's Executive actions, but this will fail and they know it. The [DS] will then move into the next phase and this is what Trump is countering now. He is dismantling their riots right in front of their eyes. The National Guard and Military will clean it the cities before the D's can push their agenda. The playbook is known and Trump is forcing the [DS] to exactly where he wants them.   Economy https://twitter.com/disclosetv/status/1959976919585173984 The ECB's Mandate: The ECB supervises major banks in the Eurozone through the Single Supervisory Mechanism (SSM). Lagarde argues that climate-related risks fall within this supervisory duty because they can directly impact banks' balance sheets and operations. She disagrees with views (likely from the interviewer in this case) that central banks should not involve themselves in climate issues, insisting it's not about environmental activism but about basic risk management.   Christine Lagarde's emphasis on the ECB's duty to assess climate change risks for banks aligns with and is influenced by the World Economic Forum's (WEF) broader climate agenda, though it's not exclusively driven by it. The WEF has long promoted the integration of climate risks into financial systems as part of its push for sustainable finance, global economic resilience, and the transition to a low-carbon economy.   This fits into the WEF's "Great Reset" and sustainable development goals, which call for rethinking capitalism to address climate threats. Central banks like the ECB are seen as key players in this, through "greening" finance (e.g., tilting investments toward low-carbon assets). German Economy Shows No Signs Of Emerging From Recession  Germany's Mittelstand Collapses as “Investment Booster” Flops The German economy shows no signs of emerging from recession. The monthly Mittelstand index, compiled by the consulting firm DATEV, confirms that the downturn continues unabated. The crisis has spread across virtually all sectors of the economy. The recovery announced by the German government remains a summer fantasy. Data collected in July through DATEV's monthly survey of small and medium-sized enterprises (SMEs) describes the economic situation as extremely fragile—with no upturn in sight. SMEs saw revenues fall by 1.7 percent year-on-year in July. The corresponding business cycle index dropped, seasonally and calendar adjusted, to 91.9 points—firmly anchored in recession territory.   Source: zerohedge.com https://twitter.com/DD_Geopolitics/status/1959877151680770323  ” Germany's universal welfare system is one of the most comprehensive in Europe, covering healthcare, unemployment benefits, pensions, housing aid, family subsidies, and more. But the strain of demographic aging, high immigration, and mounting debt obligations has led to growing political pressure to reform or scale back entitlements. (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.