With British household debt reaching a new high, it did not really need an ecnonomist to explain this. But in this time of Brexit hysteria the obvious becomes arcane and the ridiculous becomes a story in the Guardian.
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Economics
Eurostat: Business investment decreases to 23.2% in the euro area
The EU’s V-Recovery is unstoppable! The business investment rate in the euro area decreased to 23.2%, compared with 25.3% in the first quarter of 2020, reflecting the decrease of the gross fixed capital formation by […]
Economics
Bill Mitchell: The British government did not approach insolvency in March 2020
It is very disturbing that the media misleads people so manifestly. Read here
EU politics
Brad Setser: Tax Avoidance and the Irish Balance of Payments
An excellent analysis: “Profit shifting by multinational corporations doesn’t distort Ireland’s balance of payments; it constitutes Ireland’s balance of payments.” Read here
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