The downward slide of the German economy continues. Production and incoming orders in German industry are still on course for recession in the first month of the third quarter. The latest sentiment indicators, such as the ifo index and the PMI markit, which were surveyed in August, point clearly downwards. So it can no longer be ruled out that the recession will continue even at a pace much faster than now.
Corruption
The Guardian: Iceland PM sold bank assets hours before financial crash, leaks show
The current prime minister of Iceland sold over a million Euros in assets in the Glitnir bank just hours before the the state took control of the collapsing bank in 2008 Read here
Economics
Heiner Flassbeck: Fixed investment is the critical point for the German economy
The big danger, which no one wants to write down, is a deep slump in business investment – for machinery and equipment in particular, but also for other fixed items. Read Here Photo credit: Mirkone
Climate Crisis
Visual Capitalist: Visualizing the Accumulation of Human-Made Mass on Earth
The material dimensions of capitalism are staggering. In 2020, the amount of human-made mass exceeded for the first time the dry weight of all life on Earth. Its current increase corresponds to each person on […]
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