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Lunch Wrap
FT Alphaville — On FT Alphaville Tuesday morning, - Confirmation : Crock is crock. - Freddie, Fannie doing fine, thank you very much . - Everbright : One man’s damp squib is another man’s star. -Some Zombie maths . - Why economics failed in Further reading . - Oil slick ahead in Pink Picks . - A UBS stake-sale in Markets Live . On FT.com, - UK inflation unchanged at 1.8%. - British Land in talks to sell Broadgate. - German investor confidence at 3 year high. - Sterling higher as inflation holds at 1.8%.

Is Germany’s Economy Really Powering Ahead?
A Fistful Of Euros » A Fistful Of Euros — ... Oh, and one last little detail. Germany’s economy is not - as Frank Atkins again had it in last Friday’s FT - offering a ray of hope for the global economy, since Germany is running a current account and trade surplus, which is to say that, on aggregate it is actually draining demand from the rest of the world, rather like those famous energy inefficient solar panels, it uses up more energy producing itself than it actually supplies. ...

Words from the (investment) wise August 23, 2009
The Big Picture — ... walking a tightrope in timing the end of their fiscal stimulus. “Mr Blanchard said that the US consumer was unlikely to step in to help growth when the fiscal stimulus was removed. He indicated that increased US exports to surplus countries in Asia were needed. “But he said ‘it is clear’ that the rebalancing may not take place, ‘at least not on the scale needed’.” Source: Tom Braithwaite, Bertrand Benoit and Ralph Atkins, Financial Times, August 18, 2009. Paul Kedrosky (Infectious Greed): Beijing car ...

Optimistisch in Deutschland
FT Alphaville — ... survey have assessed their current business situation less negatively than they had done earlier in the year. Expectations for the coming six months were also more optimistic than a month ago. However, the current overall business situation is rated as considerably worse than the situation twelve months ago (led by the manufacturing and the wholesale sectors). See chart below: Ifo For more detail and the methodology, see the full report, available here . The results are supported by relatively strong recent economic data from Germany, including a return to ...