An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Tuesday, September 15, 2015
EU Car Sales up YoY
Auto sales in EU for August up nicely. Will be interpreted as validation of current policy.
Government reduced spending, less crowding out of the private sector, increased consumer confidence. The fairy hard at work! Oh and QE, you know all that money printed finding it's way into the hands of the consumers!
yadda yadda yadda ;)
On the other side lower energy and commodity prices help a lot in Europe, as we are net consumers by far.
Government reduced spending, less crowding out of the private sector, increased consumer confidence. The fairy hard at work! Oh and QE, you know all that money printed finding it's way into the hands of the consumers!
ReplyDeleteyadda yadda yadda ;)
On the other side lower energy and commodity prices help a lot in Europe, as we are net consumers by far.
Right I think this energy price reduction has a way to go yet...
ReplyDeleteallows less savings by oil/gas monopolists...
Thank the US blue collar roughnecks and the firms out in the oil patch...
rsp,