Readers repeatedly point out that I should take note of the fact that long-term interest rates are currently not following the short-term rates set by the central bank, as I normally assume they do. They point out, for example, that long-term interest rates in Germany are currently tending to rise, …
China and its economic successes are on everyone’s lips. Under the previous government (and under pressure from the US), Germany already designated China a ‘systemic rival,’ whatever that may mean in concrete terms. In any case, it means that Germany does not want to maintain normal friendly relations with the country. …
No sooner had Javier Milei won the congressional elections with the help of unprecedented American interference in the election campaign than the libertarians regained the upper hand and once again celebrated the Argentine president’s economic successes, which do not even exist. …
A 15-member scientific and political commission is currently beginning its work in Berlin with the aim of making proposals on whether and, if so, how the German debt brake can be reformed. Surprisingly, not one of the 15 people appointed by the Federal Minister of Finance has ever attempted to analyse and discuss the government’s debt balance as part of a larger context at the macroeconomic level in their scientific or political work. …
