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“Whenever you find yourself on the side of the majority, it is time to reform (or pause and reflect).”
― Mark Twain
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The Conservative Government In Name Only
Germany rammed through a nearly trillion-euro fiscal bomb, sending global traders into a frenzy as if they’ve just nailed the macro trade of the decade. The $900 billion stimulus, rubber-stamped by lame-duck parliament, represents a seismic shift in economic doctrine. Germany, one a nation of surpluses, fiscal discipline, and aversion to inflation has torn up its own playbook. Ironically, Merz, the architect of this historic shift, campaigned against this type of spending only months ago.
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"Germany's "whatever it takes" spending spree is being orchestrated by Friedrich Merz, who spent the recent campaign arguing against doing any such thing. This isn’t a great advertisement for democracy, and there will be real trouble if it goes wrong." - Bloomberg's John Authers
— zerohedge (@zerohedge) March 6, 2025
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