Jerome Powell on Stagflation
“I don’t see the ‘stag’ or the ‘-flation’,” Fed Chairman Jerome Powell said during his Wednesday address. Powell believed inflation would be “transitory.” He believed that the economy would come [...]
Germany is to reestablish conscription into the military, which had been suspended on July 1, 2011 after 55 years. The Merkel government now sees a major security risk and is shifting its policy by justifying conscription once again. The duty to serve may be arguably due to tension with Russia, but it is really domestic terrorism. They simply refuse to admit that the refugee issue has become a major European crisis.