The calendar adjusted stock of orders was 3.1% lower in June 2023 than in June 2022. Not mercantilism on steroids.
Geopolitics
Ryan Grim – Leaked UN report: Israeli war has killed 366 UN staff and family members as Netanyahu prepares to address Congress
The confidential report is the first to detail the toll faced by the families of UN workers in Gaza. Read the article HERE.
Economics
Eurostat – Third quarter of 2022: Annual increase in labour costs at 2.9% in euro area Increase at 3.4% in EU
Huge drop in real wages. So where is the inflation coming from? Read Here
Finance
Agnès Bénassy-Quéré: Looking for a “fair” international monetary system
President Trump’s Chief Economic Adviser, Stephen Miran, has claimed that the international monetary system in which the US provides the rest of the world with a safe, liquid asset is “unfair” Read HERE Source: The […]
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