Posted by WARREN MOSLER on 23rd June 2008
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Weakness, inflation, and rising debt to GDP levels caused by both weakness and higher interest rates.
Get your sovereign eurozone credit default insurance before it’s too late!
Highlights
| Europe’s Manufacturing, Services Industries Shrink |
| German business confidence falls in June, Ifo survey says |
| Ifo’s Nerb Says Business Climate Burdened by High Energy Prices |
| ECB Has to Be `Tough’ on Rates Beyond July, Liebscher Tells MNI |
| ECB should look seriously at rate level: Stark |
| EU Summits Reveal Economic-Strategy Rifts |
| Threat of rate rise rattles EU businesses |
| France’s 2008 Budget Deficit May Near 3% of GDP, Tribune Says |
| European Government Bonds Advance as German Confidence Fades |
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Posted by WARREN MOSLER on 19th June 2008
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Highlights
| Canada Inflation Rate Rises More Than Forecast in May on Gasoline Costs |
| Canada Wholesale Sales Rise Twice as Much as Expected |
| Canadian Dollar Strengthens as Report Shows Inflation Accelerated in May |
Gotta love these kinds of headlines. Latin America had the strongest currencies in the world with their past inflations???
| Statistics Canada Says Second Straight GDP Decline Won’t Prove Recession |
| Canada Stock Index Extends Record as Energy Shares Surge; TD Bank Declines |
| U.S. economy keeps Canada on edge |
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Posted by WARREN MOSLER on 10th June 2008
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| German Wholesale Prices Rise the Fastest in 26 Years |
| French Industrial Production Rises 1.4%, Led by Cars |
| Italian Production Unexpectedly Increased in April |
| ECB’s Trichet Says Price Stability Is Vital for Jobs, Growth |
| Liikanen Says ECB Must Anchor Inflation Expectations |
| Germany’s Mirow Says Inflation Concerns `Clearly Increased’ |
| Bundesbank’s Zeitler Sees IMF Raising German Growth Forecast |
| IHT: ECB Chief Warns Against Oil Shock Suppliers, Workers and |
| ECB Drains Cash From European Money Market to Counter Imbalance |
| European Bonds Fall on Higher-Rate Bets to Tackle Inflation |
All supportive of rate hikes today, and the Fed’s notion that they would cut because the US was ’stealing demand’ via US exports is falling by the wayside.
For Central Bankers, inflation expectations are an absolute determinant.
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Posted by WARREN MOSLER on 30th January 2008
Same twin themes taking hold - weakness and inflation.
| EU |
Softening data could change ECB’s inflation rhetoric |
| JN |
CPI Higher on food, energy prices; Mixed data continues |
| UK |
Housing Market Continued To Show Weakness |
| AU |
Businesses Less Confident About Q1 economic outlook |
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