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JULY 2020

Merkel Hit With 3rd Bout Of Bizarre Public-Shaking, Says She Is “Feeling Very Good”


Originally appeared at ZeroHedge

For the third time in mere weeks, German Chancellor Angela Merkel was seen visibly shaking during another high-profile diplomatic meeting, this time as she welcomed Finnish Prime Minister Antti Rinne as the countries’ anthems played.

The German Chancellor was seen shaking beside German President Frank-Walter Steinmeieras she swore in the new justice minister at Berlin’s Bellevue Palace in late June.

Prior to this instance, she appeared unsteady and in distress when meeting  Ukrainian President Volodymyr Zelensky in mid-June as the national anthems of the two countries blared at an event in Berlin.

And now for a third time…

Merkel shrugged it off when asked:

“I am feeling good,” she told reporters, adding the issue wasn’t anything affecting her leadership abilities.

“I said recently that I am in a phase of working through what happened at the military honors ceremony with President Zelenskiy. It’s obviously not fully completed, but there has been progress and I will have to live with it for a while,” she said referring to the first trembling incident that occurred last month during a ceremony on a hot afternoon alongside the Ukrainian leader.

“I am feeling very good, and there is no reason for concern,” she added.

As Bloomberg notes, the latest scare puts pressure on Merkel’s office to provide fuller transparency about her health. Until now, the shaking episodes were attributed to dehydration and the subsequent psychological effects.

But, perhaps, as Tom Luongo details below, Merkel has good reason to shake…

German Economic Heart Troubles

Yesterday’s note about German chemical giant BASF at Zerohedge urges me to remind you that I warned Germany’s economy was falling off a cliff back in April.

I took a little flak for it then. But it should be clear now that the heart of the European Union has arrhythmia. And no amount of Mario Draghi stimulus will shock it back into beating normally.

BASF now expects Q2 EBIT of just €500 million, a whopping 60% below consensus expectations. For the full year, BASF expects EBIT before special items to decline by 30%, compared with a previous estimate for growth of between 1% and 10%. The top line gets whacked too as BASF now expects a slight decline in 2019 sales compared with the full year 2018 vs previous forecast of slight sales growth of 1-5%.

60% drop in profit. Top line revenues in decline.

BASF, like its auto industry, are the symbols of Germany as export powerhouse. But who do they sell these things to if everyone’s credit card in Europe is maxed?

China is engaged in a major struggle with the U.S. over trade and its own internal banking issues.

The U.S. economy is approaching the end of its run as safe-haven flows out of Europe keep our asset prices at unearned/lofty levels.

Mike Shedlock went over the situation with manufacturing and inventories recently. And the picture is not good at all.

1. Inventories are up 10 of the last 11 months to new record highs.

2. Even non-transportation inventories are near the all-time high.

3. Boeing may very well have skewed transportation numbers.

4. But excluding transportation, new orders year-over-year are barely in positive territory at +0.28% growth.

5. Overall, new orders are down 1.16% and durable goods new orders are down 2.75%.

As I mention in my latest for Money and Markets, this gives a picture, “of a domestic economy that is only showing strength because of nominal government spending while the actual economy continues to deteriorate. When you run the biggest budget deficit in history by a wide margin it’s going to produce some jobs. But it just won’t produce any productive jobs.”

It’s a classic Austrian critique of low-interest rates causing a mismatch in pricing signals for capital. Consumption is still stimulated because asset prices are high and people ‘feel rich’ to buy a new mortgage or even refinance at these insanely low rates, but there isn’t any real demand for expanding consumption.

This is why inflation stays low while consumer confidence remains high.

Meanwhile, as ZH points out, companies issuing negative guidance is close to an all-time high and both the Fed and the ECB are looking at more accommodation because despite the money printing, it’s a deflationary environment.

Merkel Hit With 3rd Bout Of Bizarre Public-Shaking, Says She Is "Feeling Very Good"

This German slowdown is having profound effects on their political system as Angela Merkel’s ruling coalition is faltering by the day. The polls keep turning farther against her and something will give in the coming months.

Merkel Hit With 3rd Bout Of Bizarre Public-Shaking, Says She Is "Feeling Very Good"

Latest INSA Polling Data.

The SPD/CDU/CSU coalition is barely holding 40% of the electorate. And there is no possibility of the a coalition with the surging Greens. The Social Democrats are in a death spiral they cannot get out of without dissolving their relationship with Merkel.

Merkel Hit With 3rd Bout Of Bizarre Public-Shaking, Says She Is "Feeling Very Good"

The German political center simply can’t hold the country together with a faltering economy, Deutsche Bank cutting itself out of the global banking market and major German industries suffering as the world slows down, we’ll see more people gravitate to harder positions.

This fall’s elections in AfD strongholds Brandenburg, Thuringia and Saxony will be very telling. Polling there is spotty and all we have to go on is the EU election results which no one in Brussels or Berlin were happy about.

And there AfD shocked everyone winning those three states. AfD still needs a strategic re-think to break through the fog of German virtue signaling about their World War II guilt. But if the economy continues to falter and, potentially implode, as European debt detonates, then expect Merkel’s CDU to take the brunt of the damage.

It’s all lining up for an October to remember. Brandenburg and Saxony go to the polls on September 1st.

*  *  *

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  • BMWA1

    Merklova is possessed by NATAS. Dostoyevsky wrote a book about this.

    • Assad must stay (gr8rambino)


    • Redadmiral


  • bla

    the reptilian zio cyborg is dying, what a relief for Germany, the country she ruined for life.

  • Dick Von Dast’Ard

    If the Deutsche Greens get into power, then Germany is going to be absolutely fast rotting away in de-industrialization policies and eco taxes.

    • occupybacon

      Good, weaker economy = less Russian gas needed

      • Brother Ma

        You are just crying about the loss of transit fees in Ukraine.

        • occupybacon

          Germany and EU promised to NATO that they will compensate for every loss to Ukraine. America would greatly punish Germany if not fulfill their promises. Actually Ukraine will be more free to bomb all Donbas infrastructure

          • Brother Ma

            Ukraine stole trandit fees as does TUR now. Ukraine deserves all contracts with it to be torn up.

          • occupybacon


      • Aquilegia

        China will save Europe. We can do without USA and/or UK and reap the benefits of the OBOR initiative linking Eurasia.

        • occupybacon

          The only way China could save Europe would be to take Siberia and leave the Moscow oligarchs without gas.

    • Selbstdenker

      No, in that case Germany will be diluted and will not exist as a state anymore.

  • Sinbad2

    Early stage Parkinson’s disease?

    • Lazy Gamer

      That’s probably it. But if you are a conspiracy nut, one would think genetical specifically or broadly. lol

    • Zionism = EVIL

      or MS. In any case she is Kaput!

  • Xoli Xoli

    Why dont their rename her as Angela Shaker.She’s fucking shaking of shock by seeing so many rapefugees in Germany. Let her shake what her mama’s gave her.Or maybe she is shaking wringles away.

  • Xoli Xoli

    Maybe she is dancing Erdowie song because she’s fucking drugs with UNDERExstacy.

  • Xoli Xoli

    Angela Shakers hit wave.

  • abuqahwa

    Merkels CDU betrayed Germany with unrestricted foreign immigration, SPD betrayed their voters by joining CDU allowing Merkel to cling on to power despite both parties losing 25-30 % in last Bundestag (federal) elections. Afd is now largest opposition party, why not form a coalition with Grune, Linke, FDP ??? Impossible, no look at Italy, it can be done, just need to think outside the box. Political office is everything, party ideology nothing.

  • Ole C G Olesen

    MERKEL IS TOO FAT … She is not only MENTALLY UNHEALTHY … but also PHYSICALLY.. How did the old Romans Poet Juvenal say it : MENS SANA IN CORPORE SANO

    • Zionism = EVIL

      She ate one sauerkraut one too many and has not been laid since the Berlin wall fell. Quite sad cow really!

  • Vitex

    Reminds me of Hilary Clinton’s adrenochrome swoons

    • Zionism = EVIL

      Hillary also has the aging lesbian lardass syndrome :)

  • occupybacon
  • Ayauhteotl

    For those who aren’t familiar with the latest developments within the AfD (Alternative for Germany):

    Since the very beginning, there has been a power struggle between two distinct tendencies within this political party: the conservative, economically liberal wing versus the national wing.
    Throughout the political process, this struggle for power became more and more prominent and now, seemingly reached it’s peak as the so called ‘Flügel’ ( [right] wing) openly criticized the leadership, which consists mainly of moderate political figures.

    The reasons for this political standoff likely lies in the seemingly rise and urge for power of the right wing and it’s leadership (björn höcke), as they denying, in parts, the democratic process, Legitimation and constitution of the federal republican of Germany, urging for more radical measures of disobedience.
    The moderate part of the party seemingly rejects this aggressive rhetorical attacks, as they would threaten the support of vast parts of the middle-class electorate.

  • Zionism = EVIL

    She has MS and these Zionist puppets think that they will live for ever.

  • Brother Ma

    She has outworn her usefulness,so the zio Yankeesare slowly poisoning her. You watch ,she will be dead soon.

  • friendly anon

    So she takes the same drugs as Hillary?

  • Real Anti-Racist Action

    Here is the right song for feeling ‘fine’