In English there is the beautiful expression of the “elephant in the room”, which is very big, but seemingly not discovered by anyone. People talk about all kinds of things that are in the room, only the elephant does not appear. Even if in a china store with an elephant – to use a German elephant image – the cups just tumble off the walls, people tend to believe in an earthquake rather than in the role of the elephant.
Economics
S&P Global Eurozone Construction PMI: Most pronounced fall in Eurozone construction activity since May 2020
December data signalled an eighth successive monthly decrease in home building across the Eurozone. The contraction was steep overall and, when excluding COVID-19, the sharpest since March 2013. The drop in activity levels at German […]
Climate Crisis
Politico – EU climate emissions higher than before pandemic
With the German hypocrites forcing through the green (Russian) gas taxonomy in the EU to maintain its export economy and subventioning car fuel prices, who is surprised? This is the price to pay for having […]
Economics
Daniela Gabor, Sebastian Kohl: “My home is asset class”
Want to understand the incoming Age of Institutional Landlords – minting assets out of your houses – and the state’s role in it? Read Here
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