There is only one clear message to be taken from the state-ments made by Kamala Harris and Donald Trump: A return to stable US government finances is not in sight.

According to the Federal Statistical Office, Germany's gross domestic product (GDP) has shrunk for two quarters in a row since the end of 2022. This means that the German economy is in a so-called technical recession.

It is often claimed that technological progress is a major driver of rising income inequality. The gap between rich and poor is increasing as a result. But the opposite is the case.

With first signs of a wage-price spiral emerging it seems that we are only at the beginning of an ongoing inflationary phase.

The ambition of the ECB in greening its monetary policy seems to be driven by an ever stronger will to seize more power.

Inflation in China is still moderate. However, there are increasing signs that this could change soon.