Episode 11: Weekly Roundup 07.03.2023
Peter St Onge Podcast
The German Central Bank May Need a Taxpayer Bailout
The German central bank may need a taxpayer bailout as its money printing spree has left it with losses on at $650 billion bond portfolio. The problem now is the same as the US. Aggressive rate hikes broke the equilibrium. They hiked about 3.5% in the past nine months compared to five at the Fed. So far, the APP has bought, meaning it printed, about 3.2 trillion in assets.
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