Holger Zschäpitz

🚨 Michael Saylor's Strategy (ex-MicroStrategy) turned selling stock into a Bitcoin accumulation machine. 💥 580.250 Bitcoin worth $63.8bn on the balance sheet 🔁 Enterprise Value Strategy $111bn: Stock premium = rocket fuel 📈 Plans to raise $84bn more Meanwhile, Trump’s media https://t.co/nL5uGxh14O

Good morning from #Germany, which has just ended Japan’s 34y streak as the world’s top creditor nation. Germany’s rise is driven by its large current account surplus, which hit €248.7bn in 2024, thanks to strong exports. Japan’s surplus, by comparison, totaled €180bn acc to its https://t.co/X0lA09RrFT

Good Morning from #Germany, where long-term interest rates have also shot up recently, steepening yield curve. 30y Bund yield has climbed 0.5ppts ytd.. The 2s/30s yield gap has widened to 1.31ppts, highest since 2019, making it less appealing for govt to issue ultra-long-term https://t.co/T3szmQ7Yjc

TACO Trade (Trump Always Chickens Out) in action: US Stock Futures rise as Trump extends EU tariff deadline. Trump agreed to delay the date for a 50% tariff on goods from the EU to July 9 from June 1. https://t.co/SsPjimLOJm

Iceberg ahead? Yields on 30y Japanese govt bonds have jumped 15-fold since 2020 — a dramatic shift for one of the most heavily indebted countries in the world. https://t.co/KyjrtHiJs1

Good Morning from #Germany, where FinMin is calling for calm in the growing US tariff dispute. “We don’t need more provocations right now — we need serious negotiations,” Lars Klingbeil said acc to BILD. He said he had discussed the issue directly w/US Treasury Secretary Bessent. https://t.co/JrjHWbGZeK

Good Morning from Germany — the only major economy still stuck at pre-COVID levels. Since the pandemic, the US economy has grown by 12%, Spain by 8%, and even France by 4%. Germany? Flat! https://t.co/l1920ONVsi

OUCH! The Bloomberg Dollar Index fell to its lowest level since 2023 as new tariff threats from President Donald Trump and the risk of a widening fiscal deficit dragged on the currency’s appeal. Index fell 0.7%, extending a 7% decline since the beginning of the year. (BBG) https://t.co/xx6Ajen9BG

OUCH! #Gemany's benchmark index Dax slumps 2% after US President Trump recommended a 50% tariff on EU starting in June. https://t.co/s8KgdBRq8s

The rise in private spending in #Germany in Q1 2025 is being fueled by consumers saving a lot less. Total savings dropped by 7.5% QoQ, and savings rate fell to 10.4%. While that’s the lowest level since Q1 2023, it’s still above symbolic 10% threshold, which many economists see https://t.co/CJ58vORVQm

Good Morning from Germany, where the economy grew by 0.4% in Q1 2025—beating expectations of 0.2% and marking the strongest quarterly growth since Q3 2022. The rebound was fueled by rising consumer and business spending and an export surge ahead of expected US tariffs. Private https://t.co/2g5RJreuOT

US 30y bond yields are heading toward their highest level since 2007 after the House passed President Donald Trump’s flagship tax bill. The bill helps avoid a year-end tax hike, but it also adds to the growing US debt burden. https://t.co/I6SnyMfv4r

Good Morning from #Germany, where the latest sentiment data sends mixed signals. The Ifo business climate index edged up this month, as comps feel slightly less pessimistic about the future. But on the flip side, the S&P Global Purchasing Managers' Index (PMI) dipped—highlighting https://t.co/3AZlQdlCWS

OUCH! US bond sell-off deepens after a 20y bond auction w/a 5% coupon—the highest since 2020—drew weak demand. The disappointing auction pushed yields higher across the curve, w/30y yield jumping >10bps to 5.09%. https://t.co/SQCAWt2ptC

A signal of both Trump’s political approach and America’s financial health: The cost of insuring against a US default (via credit default swaps, CDS) remains high, reflecting continued investor concern. (HT @dailydirtnap) https://t.co/aySPbMkXUM

Good Morning from Germany, where the country’s top economic advisers have cut their 2025 growth forecast to ZERO. The German Council of Economic Experts lowered its GDP outlook by 0.4ppts, meaning no growth for a 3rd year in a row. That downgrade translates to €17bn less econ https://t.co/5LLmSBsrVK

The US currently runs a budget deficit of 7% of GDP. With this level of new debt, the country would be in breach of EU debt rules. (Chart via SRP) https://t.co/QhCghXkV6K