Today we look back at the fallout we anticipated in Germany on Wednesday. The quick shakeup includes the firing of the finance minister, the possibility of snap elections which the incumbents are unlikely to win amidst a backdrop of declining industrial production and layoffs. Meanwhile in the US hot pockets of real estate have reached correction territory while the sun shines on the riskiest and most expensive assets in the glow of Don Trump's election victory. He has named his first cabinet member and her name is Susie Miles. Let's hope he listens to her.