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Alf is bang on here. Don't mistake the relative calm emanating from China ever since the collapse of Evergrande and Country Garden for an all-clear signal: The malaise is wide-spread and deep-seated, and threatens to choke the world's former no. 1 economic growth engine.

As Germany's largest voter segment, which often displays high voter turnout, I would like to thank all boomers who may have prevented an even grimmer result

Neuer Beitrag im MAKROSKOP: Setze mich darin mit der Thematik #Schuldenbremse vs. versäumte öffentliche #Investitionen auseinander, und wie das vor dem Hintergrund von ökonomischer Sinnhaftigkeit, aber auch #Generationengerechtigkeit zu bewerten ist. makroskop.eu/29-2024/deutsc…

Uh oh: In today's #ECB presser, Christine #Lagarde adamantly refuses to identify the neutral level of the ECB's (real) policy rate, says instead: "We will have been sufficiently restrictive when #inflation has come down to 2%". 1/

autumn, of course 🧐

I corresponded with economists from BEA and BLS this week, inquiring about some of the finer details of how inflation measures are constructed. Both responded with lengthy, detailed answers within 48 hours. One of the most transparent and accessible government agencies out there

Not good.

This labour market does not warrant any further rate cuts before the end-of-year, does it? Rather than confirming the much hailed #SoftLanding, Friday's #NFP report showed the underlying strength of a labour market in no need of a pre-emptive easing of monetary policy.

So viele Fehler bei Friedrich Merz zum Thema #Schuldenbremse bei #Miosga - SVR-Reformvorschlag war einstimmig, ohne Minderheitsvotum - Auch Bundesländer haben Konjunkturkomponente, sie haben 0,0 bei struktureller NKA