Frederik Engholm
@frederikengholm.bsky.social
Head of Macro & Strategy at Nykredit. Global economics, markets, politics and related stuff … and a bit of football.
Contact: freh@nykredit.dk / +4523675777.
Contact: freh@nykredit.dk / +4523675777.
Tak for snakken @jakobterp.bsky.social ✌️
Mistet overblikket over handelskrigen? Så start her. Nykredits enormt skarpe chefstrateg @frederikengholm.bsky.social er gæst i seneste podcast optaget i morges, der dækker situationen lige nu, begreber som told og handelsunderskud og perspektiverne for Trump.
podcasts.apple.com/dk/podcast/u...
podcasts.apple.com/dk/podcast/u...
April 10, 2025 at 7:36 PM
Tak for snakken @jakobterp.bsky.social ✌️
Reposted by Frederik Engholm
Mistet overblikket over handelskrigen? Så start her. Nykredits enormt skarpe chefstrateg @frederikengholm.bsky.social er gæst i seneste podcast optaget i morges, der dækker situationen lige nu, begreber som told og handelsunderskud og perspektiverne for Trump.
podcasts.apple.com/dk/podcast/u...
podcasts.apple.com/dk/podcast/u...
April 10, 2025 at 12:19 PM
Mistet overblikket over handelskrigen? Så start her. Nykredits enormt skarpe chefstrateg @frederikengholm.bsky.social er gæst i seneste podcast optaget i morges, der dækker situationen lige nu, begreber som told og handelsunderskud og perspektiverne for Trump.
podcasts.apple.com/dk/podcast/u...
podcasts.apple.com/dk/podcast/u...
Fed sees significantly lower growth, slightly higher inflation in 2025/26 as a result of policies so far telegraphed by Trump & team. The uncertainty surrounding the actual policies that will be implemented will hold back Fed at least until summer #Federalreserve #dkøko #dkfinans
March 19, 2025 at 6:22 PM
Fed sees significantly lower growth, slightly higher inflation in 2025/26 as a result of policies so far telegraphed by Trump & team. The uncertainty surrounding the actual policies that will be implemented will hold back Fed at least until summer #Federalreserve #dkøko #dkfinans
Alt handler lige nu og handelskig og toldsatser, men i baggrunden kører Musk & DOGE videre med grønthøsteren gennem det offentlige USA. Det betyder tiltagende nedadrettede risici til USA's økonomi.
Læs mere i @Finansdk finans.dk/debat/ECE179...
#dkøko #dkfinans #Musk #DOGE
Læs mere i @Finansdk finans.dk/debat/ECE179...
#dkøko #dkfinans #Musk #DOGE
Musks indgreb øger usikkerhed om USA’s økonomi
Mens besparelse efter besparelse fremhæves som sejre af Musk og hans DOGE-team, begynder processen at give anledning til bekymring hos andre. For kan nedskæringerne i det offentlige ligefrem undermine...
finans.dk
March 5, 2025 at 8:21 AM
Alt handler lige nu og handelskig og toldsatser, men i baggrunden kører Musk & DOGE videre med grønthøsteren gennem det offentlige USA. Det betyder tiltagende nedadrettede risici til USA's økonomi.
Læs mere i @Finansdk finans.dk/debat/ECE179...
#dkøko #dkfinans #Musk #DOGE
Læs mere i @Finansdk finans.dk/debat/ECE179...
#dkøko #dkfinans #Musk #DOGE
Tysklands valg ender sikkert ud i (endnu) et splittet parlament uden nogen gruppe af politisk beslægtede partier, der kan danne regering. Men udfordringer er så store og presset fra højrefløjen så indædt, at de store midterpartier ikke ser anden udvej end samarbejde
finans.dk/debat/ECE178...
finans.dk/debat/ECE178...
Valg kan bane vej for et mere handlekraftigt Tyskland
Tysklands parlamentsvalg tegner til igen at lede til en broget parlamentarisk sammensætning. Men det forhindrer ikke etableringen af en mere handlekraftig regering. Og det har økonomien slemt brug for...
finans.dk
January 29, 2025 at 3:33 PM
Tysklands valg ender sikkert ud i (endnu) et splittet parlament uden nogen gruppe af politisk beslægtede partier, der kan danne regering. Men udfordringer er så store og presset fra højrefløjen så indædt, at de store midterpartier ikke ser anden udvej end samarbejde
finans.dk/debat/ECE178...
finans.dk/debat/ECE178...
Von der Leyen and the Commission has setout a campaign to get moving on the Draghi-competetiveness-agenda with its Competetive Compass. Not least removing red tape #dkøko #dkfinans #EU
www.politico.eu/article/ursu...
www.politico.eu/article/ursu...
Von der Leyen builds bonfire of EU’s environmental red tape
Brussels hopes simplifying green compliance rules will boost Europe’s flagging economy. Green groups fear something more sinister.
www.politico.eu
January 29, 2025 at 8:51 AM
Von der Leyen and the Commission has setout a campaign to get moving on the Draghi-competetiveness-agenda with its Competetive Compass. Not least removing red tape #dkøko #dkfinans #EU
www.politico.eu/article/ursu...
www.politico.eu/article/ursu...
Such a mess. Looks like they didn't know what they were really doing here?!
giftarticle.ft.com/giftarticle/...
giftarticle.ft.com/giftarticle/...
US judge blocks Donald Trump’s plan to freeze federal grants and loans
Temporary order caps day of chaos as White House forced to clarify move to halt government programmes
giftarticle.ft.com
January 29, 2025 at 8:04 AM
Such a mess. Looks like they didn't know what they were really doing here?!
giftarticle.ft.com/giftarticle/...
giftarticle.ft.com/giftarticle/...
Christ, this stuff calls for a really strong drink 🤯
January 20, 2025 at 6:27 PM
Christ, this stuff calls for a really strong drink 🤯
German GDP at -0,2% in 2024 (full year). We haven't had Q4-growth numbers yet, but assuming no revisions to prior quarters, this point to a drop of 0,1-0,2 in GDP in Q4. Slightly weaker than we have assumed in our forecast. Stagnation continues. #germany #stagnation
January 15, 2025 at 11:34 AM
German GDP at -0,2% in 2024 (full year). We haven't had Q4-growth numbers yet, but assuming no revisions to prior quarters, this point to a drop of 0,1-0,2 in GDP in Q4. Slightly weaker than we have assumed in our forecast. Stagnation continues. #germany #stagnation
Do you really need a New agency for that? How about trimming the federal administration?!
#trump #dkøko #dkfinans #tariffs
#trump #dkøko #dkfinans #tariffs
President-elect Donald Trump said he would create an “External Revenue Service” tasked with collecting tariffs on foreign imports, the latest indication that the Republican aims to carry out his promises for sweeping trade levies when he retakes office
Trump Says He’ll Create ‘External Revenue Service’ for Tariffs
President-elect Donald Trump said he would create an “External Revenue Service” tasked with collecting tariffs on foreign imports, the latest indication that the Republican aims to carry out his promi...
www.bloomberg.com
January 14, 2025 at 7:19 PM
Not so easy after all?!
Trump backed plan voted down by republicans…
Trump backed plan voted down by republicans…
December 20, 2024 at 6:05 AM
Not so easy after all?!
Trump backed plan voted down by republicans…
Trump backed plan voted down by republicans…
US 10-yr yield above 4,5% and at highest level since spring following hawkish signals from the Fed. What a shift of tone in the 3 months since september… with Fed now expecting 2 cuts in ‘25. We believe more will be needed!
#federalreserve #fed #powell #dkøko #difinans
#federalreserve #fed #powell #dkøko #difinans
December 18, 2024 at 8:40 PM
US 10-yr yield above 4,5% and at highest level since spring following hawkish signals from the Fed. What a shift of tone in the 3 months since september… with Fed now expecting 2 cuts in ‘25. We believe more will be needed!
#federalreserve #fed #powell #dkøko #difinans
#federalreserve #fed #powell #dkøko #difinans
December 16, 2024 at 8:20 AM
If even the Bundesbank supports relaxing fiscal spending limits you know that Germany should have done this long ago!
www.ft.com/content/702d...
www.ft.com/content/702d...
Bundesbank chief calls for softer debt brake to increase investment
German central bank president Joachim Nagel urges Berlin to relax rules to address defence and infrastructure shortfalls
www.ft.com
December 4, 2024 at 9:54 PM
If even the Bundesbank supports relaxing fiscal spending limits you know that Germany should have done this long ago!
www.ft.com/content/702d...
www.ft.com/content/702d...
December 3, 2024 at 9:46 AM
What a fool😞
Joe Biden pardons son Hunter over gun and tax charges
Joe Biden pardons son Hunter over gun and tax charges
December 2, 2024 at 6:18 AM
What a fool😞
Joe Biden pardons son Hunter over gun and tax charges
Joe Biden pardons son Hunter over gun and tax charges
😅
Trump: “We require a commitment ..that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty Dollar or, they will face 100% Tariffs… and say goodbye to selling into wonderful U.S…”
Trump Demands ‘Commitment’ From BRICS Nations on Using Dollar
Trump: “We require a commitment ..that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty Dollar or, they will face 100% Tariffs… and say goodbye to selling into wonderful U.S…”
Trump Demands ‘Commitment’ From BRICS Nations on Using Dollar
November 30, 2024 at 7:03 PM
😅
Trump: “We require a commitment ..that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty Dollar or, they will face 100% Tariffs… and say goodbye to selling into wonderful U.S…”
Trump Demands ‘Commitment’ From BRICS Nations on Using Dollar
Trump: “We require a commitment ..that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty Dollar or, they will face 100% Tariffs… and say goodbye to selling into wonderful U.S…”
Trump Demands ‘Commitment’ From BRICS Nations on Using Dollar
Eurozone inflation broadly as expected. Minimal improvement in serviceinflation - but its still hovering around 4% (3,93% in Nov) as for the past year.
Bigger picture: infl. more or less at target in all big euro countries & growth looks weak. ECB's only consideration should be size of cut #ecb
Bigger picture: infl. more or less at target in all big euro countries & growth looks weak. ECB's only consideration should be size of cut #ecb
November 29, 2024 at 11:15 AM
Eurozone inflation broadly as expected. Minimal improvement in serviceinflation - but its still hovering around 4% (3,93% in Nov) as for the past year.
Bigger picture: infl. more or less at target in all big euro countries & growth looks weak. ECB's only consideration should be size of cut #ecb
Bigger picture: infl. more or less at target in all big euro countries & growth looks weak. ECB's only consideration should be size of cut #ecb
Trump seems to take a tough stand on tariffs from day one with a threat on Mexico & Canada of 25% tariff on all goods … despite of the Trade agreement. The threat is supposed to force Mex/Canada to clamp down on drugs and illegal immigrants (2nd post). #dkøko #dkfinans #trump
November 26, 2024 at 7:20 AM
Shitty PMI's out of the eurozone moments ago. Seasonality issues should no longer be as important a factor in explaining the weakness.
Hope the bounce in negotiated wages doesn't carry too much weight at the ECB - as these PMIs call for action!
#ecb #pmi #dkøko #dkfinans
Hope the bounce in negotiated wages doesn't carry too much weight at the ECB - as these PMIs call for action!
#ecb #pmi #dkøko #dkfinans
November 22, 2024 at 9:17 AM