Because for all investors it is important, the news out of Germany might be heading for elections again and has no  (at least not  do far) really caused that much disruptions in financial markets.

For one thing, nothing is going to be resolved for a while.

The German Bundestag cannot dissolve itself on a whim.

There is a lengthy procedure to follow with the aim of avoiding repeated elections and that procedure may not “in time” involve Angela Merkel as a candidate for chancellorship. The other obvious point is that it doesn’t really matter that much who is chanceloor of Germany in the short term as it won’t change Germany in the short run economically, A fact that financial markets to have grassed.

Somewhat more important is the confirmation that the that Federal Reserve Chair Janet Yellen will also cease to be a Fed member when Jerome Powell is sworn in as Fed Chair.

The departure of Yellen was likely, but not certain. 

This means that President Trump has four vacancies to fill on the Fed, all of which will require Senate approval.

All this means that the regional Fed approval will have a clear majority on the FOMC in interim. This is the reverse of the intentions of the creators of the “modern Federal Reserve.”

The Fed may also struggle with also so few Fed Governors in statue.

Things like regulatory reform may well have to wait if there are insufficient Governors to oversee its implementation.

Emerging markets have the Turkish lira tat tumbles today to new lows (Of course, not the first time).

For one thing, one thing that there is nothing is going to resolve eon a winb,

There is a lengthy procedure to follow, but the aim to follow   for a because  the German Bundestag  Germany may be heading to new elections after Chancellor Angela Merkel suggested this would be a preferred outcome. Financial markets did not really react too much.

For one thing, the German Bundestag cannot just dissolve itself at will. A relatively lengthy procedure must be followed, and that procedure may not involve Merkel as candidate to be chancellor

There is a lengthy procedure to follow with the aim of avoiding elections and they may not involve Merkel for another Chancellorship. 

The other obvious  point is  that all matter that much who is German Chancellor in rhe short term, nothing is going to change economically.

Etienne "Hans" Parisis is a bank economist who has advised investors on financial markets and international investments.