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.
National Politics
Andrew J. Bacevich: Ukraine and the great revival of American empire
Kyiv’s fate has always been an afterthought. The real goal is reinvigorating NATO and, by extension, US primacy. Read HERE
Finance
Victor Xing: Central Bank Quantitative Easing as an Emerging Political Liability
From Financial Times – Alphaville (It is free, but you have to register) Victor Xing of Kekselias looks at how central banks are dealing with the distributional effects of their policies. Read Here
Corruption
Politico – EU Corruption: Eva Kaili is back with a new story prompting incredulity: There’s a conspiracy
The Qatargate suspect is pushing to reframe her case as an anti-spying morality tale, prompting some incredulity. Read HERE
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