Did you know that the bilateral current account between the EU and the US is roughly zero? You thought the EU had a massive surplus, didn't you, just like Donald Trump does?
on.ft.com/4eW25Ik

It's working! Now would be the stupidest time to give up on the green transition.

What deindustrialisation?

I know Trump thinks only goods trade matters, but is anyone going to tell him that the EU's bilateral current account surplus with the US in 2024 was a grand total of... €3 billion?

This is true. But in the US case, the accumulation of promises is only very partially caused by deficits. Huge drop in net int'l investment position started after Trump tax cut - coincidence? - and in recent years is almost entirely driven by outperforming USD and US stocks. tinyurl.com/mspymhde

The most important thing to note about today's UK Budget is just how much it expands the footprint of the state in the economy - by up to £76bn by the end of the parliament, or nearly 3% of national income, permanently. That amounts to a fundamental shift in how the UK works.

Excessive Capitalisation is a bad German Influence on the Republican Party Platform. cdn.nucleusfiles.com/be/beb1a388-...

Low hours = sign of slack/reason to doubt the notion of an "overheated" labour market. But we are talking about earnings here, not eg dividend income. And there is more recent data than 2022 which shows that real weekly earnings are indeed above pre-pandemic levels fred.stlouisfed.org/graph/?g=1hgnq

Higher for longer! (Or is it... ketchup-bottle economics?) www.ft.com/content/03ac...