The soaring price of Bitcoin is a useful lesson about markets for people who seem to very quickly forget the last lesson. Bitcoin, a digital algorithm, backed by absolutely nothing, has been selling for more than $16,000.
The Trump administration assures us that ordinary workers will still come out ahead because their corporate tax cuts will lead to a huge surge of investment. There is pretty much zero reason to believe this.
In Germany, there is dissatisfaction with how the European Commission is implementing the Fiscal compact. Now, Schäuble proposes to attribute the control to the ESM , which should have the task of sanctioning those who do not respect it.