The S&P Global Eurozone Manufacturing PMI contracted to 49.8 in July of 2022 from 52.1 in June, pointing to the slowest growth in factory activity since June of 2020. This is the recession we have expected.
Fake News
Bryce Greene: Hyping Ukraine Counteroffensive, US Press chose Propaganda over Journalism
A blow-by-blow account of how the big US media outlets failed utterly in its reporting on the Ukrainian counteroffensive. In ‘Fair.org’. Read the article HERE.
Economics
Bill Mitchell: Tax cuts are unlikely to work at present and are less effective than government spending increases
A short lesson in macroeconomics Read here
EU politics
Wolfgang Münchau: Macron’s east European warmongers
A good summary of the foreign relation policy tensions within the EU Read Here Emmanuel Macron und Olaf Scholz – zwei, die nicht in die gleiche Ricchtung schauen. Foto: Kantai Kishida / Wikimedia Commons / […]
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