The downward slide of the German economy continues. Production and incoming orders in German industry are still on course for recession in the first month of the third quarter. The latest sentiment indicators, such as the ifo index and the PMI markit, which were surveyed in August, point clearly downwards. So it can no longer be ruled out that the recession will continue even at a pace much faster than now.
Media
Al Jazeera – Israeli officials seize AP equipment, citing alleged media law violation
Israel’s war on the media goes on. Read the article HERE.
EU politics
Reuters: EU watchdog raps Juncker over aide’s move to top job
First, this is what the Germans wanted and as they dictate policy at the EU, that is what they get. Second, of course there is criticism, but no consequences. And the EU political elite wonders […]
Economics
Heiner Flassbeck: Don’t mess with the international financial markets
There are unwritten laws that everyone who has to deal with them knows, but nobody talks about them openly because any attempt to bring them out into the open is punished by the community with […]
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