To judge from the editorial pages and Capitol Hill currents that both shape and reflect Washington’s perceptions of the world, the doomsayers sounding alarms over the risk of direct military conflict between the U.S. and Russia over Ukraine have been proved wrong. Despite many Russian warnings and much nuclear saber-rattling, the United States has managed to supply advanced artillery systems, tanks, fighter aircraft, and extended-range missiles to Ukraine without an existential contest—or even significant Russian retaliation.
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Bill Mitchell: US labour market – floundering now despite modest gains
Things are not going much better on the other side of the Atlantic. Clearly, the 20.7 million job loss in April has not yet been reversed. Given the loss of payroll jobs in March and […]
Economics
Frances Coppola – Britain faces a long, hard post-Brexit stagflationary winter
Amid great uncertainty, shortages and rising prices, just what is the economic outlook for post-Brexit, post-Covid Britain? Read here
Economics
ING – German Recession: German unemployment at highest level in more than 10 years
The number of unemployed people has increased above the three-million mark for the first time since 2015, providing further evidence that a long period of economic stagnation eventually takes a toll on the labour market […]
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