“Western economies depend on a massive net appropriation of resources from the global South. This is a travesty of justice. But it is also a point of leverage. At any moment, the South could cut off this flow of wealth. It is within their power to do so.”
Economics
Ann Pettifor – What’s Art got to do with it?
The value of art, like other assets, is falling as inflation and interest rates rise. China in particular is in a debt-deflationary trap. In Ann Pettifor’s substack. Read the article HERE.
Economics
Shaun Richards: What will happen to economies in 2023?
That is really rather a mess as we know it rallied into the 132s. Anyway this leads me to my first two thoughts. Number one is that inflation levels will fall as we head into […]
Economics
DeStatis – German Recession: Stock of orders in manufacturing in May 2024: -5.4% year on year
Stock of orders in manufacturing, May 2024 -0.4%, in real terms, on the previous month (seasonally and calendar adjusted) -5.4%, in real terms, on the same month a year earlier (calendar adjusted) Read HERE
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