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MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.
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German October Consumer Prices Unexpectedly Decline

Posted by Sada Mosler on November 10th, 2009


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Headlines all negative today.  

Soft prices indicate soft demand.

Weakness and calls for deficit cuts heightens stresses on vulnerable national govt finances.

The eurozone remains the one part of the world with systemic risk built into its institutional structure.  

Highlights:
German October Consumer Prices Unexpectedly Decline
German Investor Confidence Drops in November on Weaker Outlook
Germany to Observe EU Call for Deficit Cuts, Schaeuble Says
French Economic Recovery Probably Strengthened in Third Quarter
Italian Industrial Output Fell More Than Forecast in September
EU to Give Spain Extra Year to Trim Budget Deficit, ABC Reports


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This entry was posted on Tuesday, November 10th, 2009 at 9:51 am and is filed under EU, Germany, Government Spending, Inflation. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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