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.
EU politics
euronews: Ireland and Hungary reject EU-wide tax harmonisation moves
Tax cheats have a safe haven in the EU. Once again the European Union fails to stop international corporations gaining billions in illicit profits. This is money urgently needed for investment in EU nations. Read […]
Economics
Ann Pettifor: Inflation, Volcker and Déjà Vu
The insanity of doing the same thing over and over again. From Ann Pettifor’s substack. Read the article HERE.
Economics
Bill Mitchell: The Japanese denial story – Part 2
This is the second of two excellent articles of analysing Japan’s finances and economy in relation to MMT. What one always has to give Bill Mitchell credit for is that climate change always plays an […]
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