In spite of China’s extraordinarily high investment levels, domestic savings nonetheless exceed domestic investment by quite a lot, making it a large net exporter of capital.
Economics
Daily Sabah: UK on brink of recession as economy unexpectedly shrinks in August
Don’t forget that Britain is not only an important trading partner of the EU and Germany, but also has a large defict that supports their mercantile policy. Read Here
Economics
DeStatis – German Recession: Exports in June 2024: -4.4% year on year
Exports (calendar and seasonally adjusted exports of goods), June 2024 127.7 billion euros -3.4% on the previous month -4.4% on the same month a year earlier Imports (calendar and seasonally adjusted imports of goods), June […]
Austerity
Bill Mitchell: The Left has created the swing to the Right – some reflections
The world is shifting rapidly to the Right because the Left has abandoned its voice and its role in given succour to the underdog. We will all regret this era. Read HERE
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