The German economy is being hit increasingly hard by the lack of orders. In October, 41.5% of companies reported a lack of orders, up from 39.4% in July. That’s the highest level since the 2009 financial crisis. “The lack of orders is continuing to hinder economic development in Germany,” says Klaus Wohlrabe, Head of Surveys at ifo. “Hardly any industry has been spared.”
Geopolitics
Zoe Holman – Deported from Europe, murdered by Israel
‘Gazan brothers Haytham and Bashar spent most of their adult lives in Europe — but after being deported, they returned to Gaza, where they were killed by an Israeli rocket. Their story shows the deadly […]
Finance
Frances Coppola: Why central bankers don’t understand inflation
“The job of the central bank is not to set the current level of inflation, but to keep wages down by influencing people’s expectations of the future level of inflation.” Read here
Economics
Bill Mitchell: The divide between mainstream macro and MMT is irreconcilable – Part 1
It is noticeable that the economic mainstream is becoming increasingly uncomfortable by the increased interest in Modern Monetary Theory. Bill Mitchell is right. There appears to be an effort to co-opt Modern Monetary Theory under […]
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