EU spending limits are only for nurses and hospitals, not bombs, and only for countries like Greece and Portugal, not Germany.
Read the article HERE.
Politico – Brussels approves Germany’s mega spending plan
Finance
ITEP: Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in Taxes
Hugely profitable tech company provides first look at how corporations are faring under new tax law Read here
Economics
ifo Institute – German Recession: Order Shortage in Germany Continues to Worsen
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 […]
Economics
Charles Hugh Smith: The Fed’s Grand Bargain Has Finally Imploded
Well worth a read: The Fed, the asset bubble, and the end of capitalism as we know it. Or maybe just another doomsday blog. Read here
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