New data from the German Federal Statistical Office make it clear to even the last doubter: the short phase of high price increases is a thing of the past and the complete normalisation of the trend at the consumer level is only a matter of a few months.
Economics
Ann Pettifor: On the bursting of bubbles
In the US, mortgage applications are now down 50% and at the lowest levels since 1994. Credit card defaults rates are higher than in 2008. Is the debt bubble about to burst? Read the article […]
Climate Crisis
Lauri Myllyvirta – Analysis: China’s clean-energy exports in 2024 alone will cut overseas CO2 by 1%
The good news story of our times: China’s clean energy revolution, which is cutting CO2 around the globe. In ‘Carbon Brief’. Read the article HERE.
Economics
Bill Mitchell: US Labour Market – creating work but participation and real wages falling
In July 2022, the US labour market produced reasonable growth in employment but at the same time the participation rate fell. The fall in the official unemployment rate was all down to the declining participation […]
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