In this article, we want to ask the simple question of how Argentina’s central problem, extremely high inflation, is to be tackled by the “markets”. Thereby, we use the contrasting example of Turkey, which is also much (and wrongly) discussed in the media, to show why it is almost impossible to return to moderate inflation anywhere in the world using the orthodox means of monetary policy.
Economics
ING Think: Stagnating eurozone GDP is worse than it seems
GDP growth in the eurozone was revised down from 0.1% to 0% in the fourth quarter. Poor household consumption and investment data show that underlying developments are weaker than expected, adding concern about eurozone economic […]
Climate Crisis
Axios: China’s unrivaled 70-day heat wave
The extreme heat and drought that has been roasting a vast swath of southern China for at least 70 straight days has no parallel in modern record-keeping in China, or elsewhere around the world for […]
Finance
German Foreign Policy: German or not at all
Berlin wants to stop Italian bank UniCredit from taking a major stake in Germany’s Commerzbank. Double standards? Read HERE Image: Commerzbank 1959
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