No banking scandals without the participation of Deutsche Bank. This one is massive and the German national government is doing all it can – as is also the case in Volkswagen´s diesel cheating – to avoid any major consequences for the bank.
Economics
Robert Hockett: Liquidity Reserves and Commodity Reserves: A Marriage Proposal
Public liquidity reserves (a.k.a. ‘central banks’) must merge operations with public commodity reserves (a.k.a. ‘strategic stockpiles’) now that the world has rediscovered production and more prices than ever need collaring Read Here
Austerity
Bill Mitchell: The EU pronouncement of a Greek success ignores the reality
1. Real GDP has shrunk by 23.9 per cent since the crisis began and has been stuck around that mark since 2012. There has been virtually no growth at all since the trough was reached […]
Austerity
Bill Mitchell – German external investment model a failure
Germany funds much of its export surplus by exporting its own capital instead of investing it in its own nation. Much of this investment capital is either poorly invested or is lost. Thus being “export […]
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