US Economy News

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Meanwhile Deflation ahead?

Merryn Somerset Webb @MerrynSW
59m
"There is a historical observable link between the creation of money and inflation" with an 18m ish lag. Do central bankers not have this chart? And is there deflation ahead?



Sanctions News

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Haha, France wants to sanction China airlines now because unfair competition due to EU sanctions.


Air France has asked the government to put restrictions on Chinese airlines, arguing that they have a disadvantage since Russian airspace is closed for most European airlines.
French economist Jacques Sapir says that it is not China's fault the EU is in this 'crazy situation'.



The Economist: The dollar is losing ground - many Western firms are already trading with China in yuan
Deputy Minister of Finance of the Russian Federation Alexey MOISEYEV: Next comes the almost complete withdrawal of Russian corporations from accounting in dollars



BRICS Draws Membership Bids From 19 Nations Before Summit: Bloomberg


India is on track to become Europe’s largest supplier of refined fuels while simultaneously buying record amounts of Russian crude.
Russian oil is finding its way back into Europe despite all the sanctioning.





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