The sentiment among companies in Germany is on a downward trend. The ifo Business Climate Index fell from 87.0 points in July to 86.6 points in August. Companies assessed their current situation as worse. In addition, expectations were more pessimistic. The German economy is increasingly falling into crisis
Economics
Heiner Flassbeck: Why democracy will ultimately fail
Democracy and pluralism are not superior per se. When democracy loses the ability to hold serious discussions on serious issues, it provides a wide open flank for its opponents, who, like Donald Trump, intuitively see […]
Economics
Bill Mitchell: Zero trading in 10-year Japanese government bonds signals Bank of Japan supremacy
The lack of trading in the 10-year JGB is a sign that the gamblers in the investment banks have given up their power play against the Bank of Japan. They have finally got the message […]
EU politics
Ben Burgis: We should have listened to Bernie Sanders about Ukraine
Bernie got it right again. Read the article here.
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