The President of the European Commission Ursula von der Leyen said that EU law has “primacy over national law” following a ruling from a German court that the European Central Bank’s bailout scheme was unconstitutional. President of the European Commission
The Fed may start buying bonds again later this year as it hit pause on the run off of its QE portfolio.
Contents: UK residential real estate market hit hard by Brexit; The UK housing bubble may finally be collapsing; UK commercial real estate market hard hit by ‘Brexit clauses’
Contents: North Korea liquidates all commercial projects with South Korea; In desperation move, European Central Bank further lowers negative interest rates; ECB tries to target the velocity of money
Generational Dynamics, Japan, Bank of Japan, BOJ, Haruhiko Kuroda, European Central Bank, ECB, Swiss National Bank, SNB,, Sweden, Denmark, negative interest rates, quantitative easing, QE, Ben Bernanke
Much of the debate over the maybe-recovery concerns the manipulation of government reports. The Western world is moving rapidly toward a stagnant feudal system populated only by rich aristocrats, rich government officials, and a vast lower class that needs welfare transfer payments to survive. Debt-burdened workers with flat wages, shaky job prospects, and government subsidies for their basic needs are serfs, not a vibrant and independent middle class of entrepreneurs selling their labor to the highest bidders.
BRUSSELS/FRANKFURT, July 27 (Reuters) – The International Monetary Fund warned on Monday that the euro zone’s prospects were modest and that more money printing than planned may be needed. Contrasting the IMF’s relative gloom, however, German think tank Ifo reported improving
Perhaps Greece’s new far-left government will rethink its plans to shake Europe down for cash to fund its wild spending binges, now that the German economy has officially entered a deflationary cycle, as reported by Business Insider
Miss Lebanon may lose her title over selfie with Miss Israel; Lebanon on edge after Israeli air strike kills Hezbollah commanders; Europe, under intense financial pressure, expected to start quantitative easing
