Stocks spiked to the highs they’re presently holding this morning on this headline:
“GERMANY READY FOR DEFICIT SPENDING IF RECESSION HITS” SPIEGEL
Hmm…. thinking about my earlier post regarding Germany encouraging the rest of the EU to allow the UK to crash out without a trade deal — while indeed Germany’s economy is presently not something to write home about — this very well could be Merkel and co. positioning for that outcome.
Again, if we’re looking at a hard Brexit, we’re looking at some serious market (and economic) volatility. Germany clearly gets that…