1. I noticed that the FDP has come up and hyped the idea that for this winter....to somehow save on heating at the office (because of the natural gas woes)....they'd endorse more home-office efforts. The more you think over this....the less likely it has any real sense over it. But on paper, it sounds good.
2. 21 July is the last day of maintenance on Nord Stream I natural gas flow from Russia to Germany. The pipe ought to be turned back on....by the conclusion of the day. Odds of this happening? No one can really say.
If it's not turned on? Go expect a number of German politicians to get freaked-out and start dishing some harsh reality for the winter.
If it goes on? I'd suggest a lot of worry will disappear overnight.
3. I noticed via WELT this morning....an article by Frank Stocker. My best description? It's a piece looking at China, it's banking problems currently, and the odds of a 'Lehman Brothers' chaos to erupt.
He throws in the statistical data.....the trend business, and predicts that a serious economic fall for Chinese banks is about to occur. If you can find the Saturday Welt....it's worth a read. It probably will scare a few folks.
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