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Freight, Pensions, ECB, Germany

Summary:
Truckers Cut Payrolls As Freight Demand Softens Funding pensions reduces aggregate demand: The Long Bull Market Has Failed to Fix Public Pensions Long term loans to banks do nothing for the macro economy and negative interest rates are a tax: Mario Draghi signaled that the European Central Bank expects to rely on long-term bank loans and tweaks to its negative interest-rate policy as a first defense if officials need to intensify their fight against the economic slowdown. The comments came as the ECB president warned that euro-area growth has cooled further this year and could yet worsen. In a sign that hopes of a second-half rebound are fading, he said the weakness “will extend into the rest of the year.” Germany’s Economy Runs on Low Wages

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Truckers Cut Payrolls As Freight Demand Softens

Funding pensions reduces aggregate demand:

The Long Bull Market Has Failed to Fix Public Pensions

Long term loans to banks do nothing for the macro economy and negative interest rates are a tax:

Mario Draghi signaled that the European Central Bank expects to rely on long-term bank loans and tweaks to its negative interest-rate policy as a first defense if officials need to intensify their fight against the economic slowdown.

The comments came as the ECB president warned that euro-area growth has cooled further this year and could yet worsen. In a sign that hopes of a second-half rebound are fading, he said the weakness “will extend into the rest of the year.”

Germany’s Economy Runs on Low Wages

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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