Output rose 3.5 per cent in January from the previous month, although this mostly was a rebound from December’s fall. But DeStatis always selects the positive numbers. That is what happens when your paymaster is the state. The question is if DeStatis does not doctor their numbers as well.
Economics
Bill Mitchell: Zero trading in 10-year Japanese government bonds signals Bank of Japan supremacy
The lack of trading in the 10-year JGB is a sign that the gamblers in the investment banks have given up their power play against the Bank of Japan. They have finally got the message […]
Corruption
Berto Sagrera: Spain fails to comply with UN resolution on rights of Catalan political prisoners
El Nacional.Cat reports that the Spanish Government has dismissed the UN’s opinion that the state had violated the political rights of Catalan pro-independence leaders when they were imprisoned after the 2017 referendum. Read the article […]
Climate Crisis
Bill Mitchell: How hard is it for the government to create some jobs?
The – Report of the Special Rapporteur on extreme poverty and human rights – for the UN was released this week (July 7, 2020). It was Philip Alston’s last report in that role. It is […]
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