Thanks to the massive interest rate increase by the ECB, inflatiion, and the totally chaotic policies of the German government (Social Democrats, Greens, and Liberals) Germany has registered the largest decline in residential property prices from the same quarter of the previous year since the beginning of the time series in 2000.
Economics
Bill Mitchell – ECB asset purchase programs are the only thing keeping Member States solvent
The ECB is the currency issuer and it does more or less what it likes to keep the Member States solvent. Read here
Austerity
Fitch Wire: Italy’s Weaker 2022 Growth Offsets Improved Fiscal Starting Point
Economist keep warning of this, but Germany keeps pressuring for austerity for ideological reasons, which reduces growth resulting in recession and unemployment. Not that we do not know that. But what the EU hegemon wants, […]
Geopolitics
BNN: German Frigate ‘Hessen’ Mistakenly Targets US Drone Over Red Sea: Military Misfire Raises Concerns
This is the perrect metaphor for Germany and its military. First the incorrectly identified a US drone and tried to shoot it down. Since its missiles misfired they fell into the sea. It appears that […]
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