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.
Economics
Bill Mitchell: British Labour may as well just not turn up at the next election
Sound finance and the type of economics that Starmer and his gang are continuing to rehearse is not knowledge. Read here
Aviation
Reuters: Dutch government scraps plan to cap flights at Schiphol next year
This is what happens to your national sovreignty when you join the EU – which is doing all it can to slow down a just climate transition. Read HERE
Economics
Bill Mitchell: The divide between mainstream macro and MMT is irreconcilable – Part 1
It is noticeable that the economic mainstream is becoming increasingly uncomfortable by the increased interest in Modern Monetary Theory. Bill Mitchell is right. There appears to be an effort to co-opt Modern Monetary Theory under […]
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