Sentiment in the German automotive industry deteriorated further at the end of 2024. The Business Climate Index for the German automotive industry fell in December 2024 to -34.7 points, down from -32.4 points* in November. “The automotive industry has thus slipped deeper into crisis,”
Economics
Bill Mitchell – Governments should do everything possible to avoid recessions – yet they don’t
The significance of hysteresis. Read here
Economics
Shaun Richards – Central bankers are experiencing a complete loss of credibility
Central banks have lost control of both the narrative and the markets. Read Here
Austerity
Chris Bambery: Crisis in Italy
It always comes down to the same two elements: the neo-liberal regimen of the EU led by Germany and the national enforcers, who prohibit change in the interests of their citizens. Read here
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