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ECONOMICS – FINANCE – WORLD NEWS – GREEK DEBT

Monday, #16: The German edition

Another week, another depressing economic indicator: Even though the OCED CLI (composite leading indicator) doesn’t mention the words ‘recession’ or ‘single currency implosion mess’ (what were the odds…), the indicator is pointing towards an economic slowdown. The CLI uses monthly industrial production [output] data from all OECD members countries and 6 non-members. The 6 non-members are Brazil, China, India, Indonesia, Russia and South Africa. And right now, the CLI tells us to brace ourselves for a tough winter. read article

Meanwhile, Angela Merkel, conservative German chancellor recently turned left, is making WWII comparisons (and she’s not talking about the Twitter guy) and holds on tight to the European dream. read article

Nouriel Roubini on the other hand, still, or again, hates on the eurozone. But he’s a smart man, so we should at least take a look at what he has to say. Also, it’s really interesting to see that the historical German fear of inflation (because hyperinflation preceded WWII) and the tight German grip of the European Central Bank makes symmetrical reflation very unlikely. Instead, there could be deflation and more austerity measures, says Roubini. Well, at least we know who to blame… read article

No reason to hate ALL Greeks. This one, for example, seems pretty cool: Panagiotis Ipeirotis is trying to make the world a more efficient place (mind you, he’s Greek, not German) using computers AND people. read article

And finally, another wonderful RSA Animate video. This time: the divided brain. Watch out for the Darth Vader and Berlusconi references. watch video

So long. Have a good week.

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One Response

  1. […] carbon emissions to developing nations will be increased to up to $600bn. read article About a month ago, the last OECD CLI (composite leading indicators) pointed towards an economic slowdown, which […]

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