In its latest monthly report, the German Bundesbank, formally a regional branch of the ECB, devoted a long essay to the relationship between money supply development and inflation. The result is meagre. Read Here
It’s what people and politics in the industrialised countries want. But after the total globalisation once aspired to there’s a desire to be more selective. Read Here Photo: Benoit Prieur/Wikimedia Commons
At the end of September, Federal Finance Minister Christian Lindner gave a remarkable diagnosis of the state of the German economy in a name article in Der Spiegel. He wrote: “In the Corona crisis we […]
In the past, there were already recessions in the economy. These were phases of shrinking gross domestic product (GDP) that lasted two, three quarters or a whole year. Rising unemployment and shrinking incomes were practically […]
After the great financial crisis of 2008/2009, everyone was wiser for a moment. Gambling, as we knew after the bad experiences of that time, is dangerous in principle. It is particularly dangerous if you don’t […]
The European Central Bank has apparently decided to force through the restrictive path it embarked on in the summer – even if it becomes clearer every day that it is wrong. Even large institutions built […]
The big danger, which no one wants to write down, is a deep slump in business investment – for machinery and equipment in particular, but also for other fixed items. Read Here Photo credit: Mirkone
Fifty years ago, there was a very special situation in the global economy: There was a major supply shock, oil prices rose, but oil continued to be consumed in almost unchanged quantities, oil producers made […]
Italy voted last Sunday in a way that should deeply frighten all those who still feel a touch of responsibility for Europe in them. But nothing of the sort can be observed in German politics […]
Thousands of academic and private sector economists are incapable of distinguishing several temporary effects on the rate of price increases from real inflation. Read Here
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