The justification by the US Federal Reserve for pushing up interest rates to quell wages pressure does not stack up with the evidence.
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Bill Mitchell: First signs of a slowdown in the US labour market
Economics
CNBC: China holdings of U.S. debt fall below $1 trillion for the first time since 2010
China’s portfolio of government debt in May dropped to $980.8 billion, according to Treasury Department data released Monday. It marked the first time since May 2010 that China’s holdings fell below the $1 trillion mark. […]
EU-Institutions
Heiner Flassbeck: Misguided monetary policy of the ECB
Thousands of academic and private sector economists are incapable of distinguishing several temporary effects on the rate of price increases from real inflation. Read Here
Finance
Richard Murphy: The case against subsidising the Isle of Man to be a tax haven goes to the House of Commons
The whole situation surrounding tax havens becomes more absurd by the day. This sums up well still another example of this hypocrisy. Read here
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