Imagine how apoplectic they are all going to be once the deficit goes to 10 per cent or more and the central banks are buying up all the debt.
Economics
Bill Mitchell: Central banks are resisting the inflation panic hype from the financial markets – and we are better off as a result
“It has everything to do with ensuring they bail out the gamblers when they overreach.” Read here
Economics
DeStatis: German Manufacturing in June 2022: new orders down 9% year on year
New orders in manufacturing:June 2022 (in real terms, provisional): -0.4% on the previous month (seasonally and calendar adjusted) -9.0% on the same month a year earlier (calendar adjusted ) May 2022 (in real terms, revised): […]
EU politics
Eldar Mamedov: Is EU foreign policy chief Kaja Kallas in the right job after all?
The prime minister of Estonia, who once endorsed Russia’s dismemberment, won’t have much authority here Read HERE
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