Bill Mitchell: US labour market showing signs of faltering as real wages continue to decline

The German government is about to authorise new arms exports to Israel. Reports indicate that it has already decided to green-light the export of 10,000 rounds of 120-millimetre precision guided ammunition to the Israeli military. […]

The new ReFuelEU law, part of the EU Fit for 55 package, was announced yesterday The Stay Grounded network fears this could lead to a massive demand for biomass and energy, competing with other sectors […]

German economists are a bit slow, but the have come to the conclusion that was obvious for the past half year. And where their optimistic prognosis for 2025 and 2026 came from is not clear. […]