Retail turnover, October 2022 (provisional, calendar and seasonally adjusted)
-2.8% on the previous month (in real terms)
-1.7% on the previous month (in nominal terms)
-5.0% on the same month a year earlier (in real terms)
+6.2% on the same month a year earlier (in nominal terms)
Climate Crisis
The Lantau Group – Volatility in Chinese Power Supply
An excellent analysis of the current electricity interruptions in China Read here
EU politics
The Guardian: Gilets jaunes leader hit in eye during protest ‘will be disabled for life’
There is a saying: Every revolution is fuelled by martyrs. Macron is certainly providing his. Who needs to be afraid of far right politicians like Savini and Orban, they are harmless in comparison to the […]
Economics
Bill Mitchell – These worn out debt narratives – Stop It! It’s ridiculous!
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. Read here
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