Unpacking Germany’s Historic U-Turn on Spending — ft. Carsten Brzeski | Prof G Markets

This week on Prof G Markets, Scott and Ed open the show by discussing Apple’s $1 billion annual loss on AppleTV+, Silver Lake’s move to take Endeavor private, and Nike’s latest earnings report. Then Carsten Brzeski, Global Head of Macro Research and Chief Eurozone Economist for ING, joins the show to break down Germany’s political and economic landscape. He unpacks the growing fragmentation among political parties and explains the country’s longstanding reluctance to take on debt. Carsten also breaks down the recent surge in capital allocations to the Eurozone and weighs in on whether this could mark the beginning of a sustained multi-year rally.

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Timestamps:
00:00 - Today's number
00:20 - Today's episode
02:52 - Headlines
03:42 - Big AppleTV+ loss
08:19 - Endeavor Acquired By Silver Lake
16:54 - Nike vs. Tariffs
23:19 - Ad break
24:49 - Unpacking Germany’s Historic U-Turn on Spending — ft. Carsten Brzeski
25:00 - What happened in the German election and what has happened since?
27:25 - What are your takeaways from the rise of the far left and far right parties in Germany?
29:14 - What went wrong with the German economy?
31:21 - How do the German people feel about the war in Ukraine?
35:13 - Why does Germany have this approach to borrowing and does this spending package represent a turning point?
41:41 - Break
41:52 - What is inspiring the optimism in Europe?
44:20 - Do you think this increase in capital allocations to Europe is the beginning of a multi-year trend or just a blip?
47:24 - What do you see happening in the German tech sector?
52:38 - What will the tariffs do to Europe?
55:34 - Credits

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