In English there is the beautiful expression of the “elephant in the room”, which is very big, but seemingly not discovered by anyone. People talk about all kinds of things that are in the room, only the elephant does not appear. Even if in a china store with an elephant – to use a German elephant image – the cups just tumble off the walls, people tend to believe in an earthquake rather than in the role of the elephant.
Economics
DeStatis – Germany: Inflation increase to +7.9% expected in August 2022
Consumer price index, August 2022+7.9% on the same month a year earlier (provisional)+0.3% on the previous month (provisional) Read Here
Economics
DeStatis – Germany: Producer prices in July 2022: +37.2% on July 2021
Looks like inflation and that combined with recession. Well done German political class. No solutions in sight beside neo-classical economic nostrums and those are not solutions at all. Producer prices of industrial products (domestic market), […]
Finance
Branko Milanovic: If you want to be rich, you’d better be born in, or emigrate to a rich country
Branko Milanovic explains the current state of global inequality Read here
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