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Merkel Succession Crumbles, Blowing Open Race to Run Germany

AKK’s downfall was ultimately triggered when the CDU in Thuringia voted alongside the AfD to elect a state premier last week. Local leader Mike Mohring has been forced to back track, but other CDU officials in the east have signaled sympathy for his maneuver as he tries to maintain support for the party.

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Comments of the Day

11 February 2020

 

 

Video commentary for February 10th 2020

 

Eoin Treacy's view

A link to today's video commentary is posted in the Subscriber's Area. 

Some of the topics discussed include: Political Populism continues to gain ground, monetary and fiscal stimulus goes viral, accelerations in liquidity fuelled bull markets. 

 

 

Consumer Insolvencies Approach Record in Debt-Weary Canada

This article by Chris Fournier for Bloomberg may be of interest to subscribers. Here is a section:

“I think we’re still going to see a slight increase in 2020,” André Bolduc, an executive board member at the Canadian Association of Insolvency and Restructuring Professionals, said in a phone interview from Ottawa. “We’re hoping the economy stays strong so that the increases stay healthy and it doesn’t become a crisis.”

On the less alarming side, adjusting the number of insolvencies to account for population growth shows the increase isn’t as dramatic. As a share of total debt, the rate of filings also appears to be more stable.

In addition, the lion’s share of the increase in the past decade has been so-called consumer proposals, where the debtor agrees with creditors to pay back a proportion of what’s owed. Proposals are considered less severe than bankruptcies, the other form of insolvency reported by the Ottawa-based OSB.

 

Eoin Treacy's view

Canada depends on exports to both the USA and China for its prosperity. The slowdown in US manufacturing as a result of the trade war will have had some impact which should now be moderating from the signing of the USMCA. However, the knock-on effect from China’s freezing of economic activity on commodity demand represents a significant challenge that is only now being considered.

 

 

Merkel Succession Crumbles, Blowing Open Race to Run Germany

This article by Arne Delfs and Patrick Donahue for Bloomberg may be of interest to subscribers. Here is a section:

AKK’s downfall was ultimately triggered when the CDU in Thuringia voted alongside the AfD to elect a state premier last week. Local leader Mike Mohring has been forced to back track, but other CDU officials in the east have signaled sympathy for his maneuver as he tries to maintain support for the party.

The CDU’s flirtation with the AfD is “very worrisome,” said Norbert Walter-Borjans, the co-leader of the Social Democrats, Merkel’s junior coalition partner, which is also searching for a candidate to lead its next national election campaign.

AKK told party colleagues at a meeting in Berlin that one reason for her decision is the unclear relationship between parts of the CDU and the far-right AfD and the anti-capitalist Left party. At a press conference in Berlin, she underscored her stand that the CDU needs to be strictly opposed to any cooperation with the two fringe parties.

 

Eoin Treacy's view

So is the enemy of my enemy my friend or not? The far- left Die Linke party secured the most votes but the far right AfD supported the CDU candidate instead of its own to ensure Die Linke were defeated.

 

 

Email of the day on rare earth metal miners

Maybe 18 months ago you were looking at Rare Earths outside China. One you mentioned in Australia - Alkane Resources - has recently perked up considerably on gold exploration but also on the likely demerger of its Rare Earths project at Dubbo. I'm a shareholder so noticed(!) You might like to re-visit some time as it is a happy graph for holders

 

Eoin Treacy's view

Congratulations on taking the opportunity in Alkane Resources. The company found new gold in September, which was the reason for the initial break higher. Meanwhile the strength over the last couple of days is based on the appointment of a new managing director to the Dubbo project which is a step closer to developing the mine into a commercial reality.

 

 

 

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