July 06, 2022
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OPEC secretary-general Mohammad Barkindo dies in Abuja, Nigeria
BOE Deputy Governor Cunliffe: We Can See Signs That The Economy Is Already Slowing
Bank of England speakers coming up Wednesday – Pill & Cuncliffe
Goldman Sachs maintains a bullish bias on EUR over the medium-term (6-12 months).
Video: A playbook for the market volatility
FX option expiries for Wednesday, 6 July 2022 at the 10am New York cut
Japan official says the G7 will be discussing the Russian oil price cap
ForexLive Asia-Pacific FX news wrap: USD/JPY down a little more
Shanghai COVID restrictions creeping back in
ICYMI – China’s Xi’an city has entered a 7 day period of ‘temporary control measures’
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OPEC secretary-general Mohammad Barkindo dies in Abuja, Nigeria BOE Deputy Governor Cunliffe: We Can See Signs That The Economy Is Already Slowing Bank of England speakers coming up Wednesday – Pill & Cuncliffe Goldman Sachs maintains a bullish bias on EUR over the medium-term (6-12 months). Video: A playbook for the market volatility FX option expiries for Wednesday, 6 July 2022 at the 10am New York cut Japan official says the G7 will be discussing the Russian oil price cap ForexLive Asia-Pacific FX news wrap: USD/JPY down a little more Shanghai COVID restrictions creeping back in ICYMI – China’s Xi’an city has entered a 7 day period of ‘temporary control measures’

Bill Mitchell — Who would be so stupid to advocate deliberately puting 2.3 million workers out of work? Guess who?

It’s Wednesday and I am pushed for time today. My local community is in the last stages of trying to stop a massive overdevelopment in our midst, which will damage the social cohesion and environmental amenity in our neighbourhood, while delivering massive profits to a greedy property developer. I have to appear before a tribunal today to document the impacts of the development on these things. Property developers are the scourge. So are mainstream economists like Larry Summers who is proposing that unemployment be deliberately increased by more than 2.3 million and held at that level or higher for years in order to reduce the current (transitory) inflation. Who would be so stupid? And after getting really mad about that and Keir Starmer’s abandonment of working class representation, we can soothe our souls with some Roy Elridge..…

Bill Mitchell – billy blog
Who would be so stupid to advocate deliberately puting 2.3 million workers out of work? Guess who?
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia


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