“Europe’s problem is the German élite’s mindset, informed by a mercantilist model that insists on domestic wage and fiscal moderation.”
Read here
Geopolitics
Jeff Faux: Two Cheers for Isolationism
The left should be arguing that the US’s purpose is its own redevelopment—which is incompatible with global primacy. Read HERE
Economics
Shaun Richards: Who thought the ECB would be sharply raising interest-rates with Germany in recession?
This morning has brought us back to some extent to a piece of economic orthodoxy. Putting it another way something which was always really rather likely is being presented as a shock of sorts. So […]
Economics
Destatis – Germany: Production in July 2023: -2.1% year on year
Things keep growing worse for the German economy. That will show Putin! Just see how long he can take this Production in industry July 2023 (in real terms, provisional): -0.8% on the previous month (seasonally […]
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