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Japan’ Q1 GDP was Revised Up, While the Eurozone’s was Revised Down

The back-to-back surprise rate hikes by the Australia and Canada spurred speculation that the Fed could hike next week, and this lifted US rates and helped the dollar recover. The odds of a hike increased,...


Modern Monetary Theory: unlimited money a thing of the future?

States with a currency of their own can never run out of money. That’s a core thesis of the Modern Monetary Theory which spilled over to Europe from the US. German economist Dirk Ehnts elaborates...