RT @GustavAHorn: "Not enough" thinks @adam_tooze on the European recovery package. I agree. In addition it is too slow. So we must give sp…

RT @RobinBrooksIIF: Core inflation is a good fact-check for consensus output gaps. IMF (lhs) & European Commission (rhs) understated slack…

Chartbook Newsletter #12 just posted. On the dangers of Euro Area complacency. A cause @RobinBrooksIIF @heimbergecon @DanielaGabor and I have been urging for some time.