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Fiscal policy: The EU Commission has presented its opinion on the 2024 draft budgets for the euro area member states in its European Semester Autumn Package. The main conclusion is that The Draft Budgetary Plans of Belgium, Finland, France, and Croatia risk not being in line with the Council Recommendations. German budget plans are not fully in line with the recommendations and Germany should wind down energy support measures as soon as possible. The fiscal rules of the EU have not functioned well, and no country had ever received a fine for breaching the rules. Hence, the impact on the opinio...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

A top ranked economics and finance blog with a focus on the housing market

October inflation data in Canada reported today showed a mixed picture. Headline inflation printed at 0.1% M/M and 3.1% Y/Y (was -0.1% M/M and 3.8% Y/Y in September). The core trimmed (3.5% from 3.7%) and mean (3.6% from 3.9%) measures that are closely watched by the Bank of Canada also eased more or less as expected. However, other details showed a more nuanced picture.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero