Germany is entering recession, despite predictions from the great and the good that it wouldn’t.
Read the article HERE.
Shaun Richards: The German economy contracts as inflation picks up on both Spain and Italy
Economics
Ann Pettifor: On the bursting of bubbles
In the US, mortgage applications are now down 50% and at the lowest levels since 1994. Credit card defaults rates are higher than in 2008. Is the debt bubble about to burst? Read the article […]
Economics
Ms Merkel’s Spectacular V-Recovery: Turnover in accommodation and food services in August 2020 -22.2% real than a year earlier – and that before the second Corona Wave
Just a month and a half ago the German government proved that the nation was in the midst of an unstoppable V-Recovery. In reality thing looks somewhat different. Read here
Economics
Spinoff: Why we can’t simply build our way out of the housing crisis
This may be about New Zealand but the analysis is spot on, valid for any EU nation. Read here
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