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World Inflation Overseas Rhine passes the 5% course and sharpens the Germans

20:30  30 november  2021
20:30  30 november  2021 Source:   challenges.fr

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Christian Lindner probable futur ministre allemand des Finances © Axel Schmidt Christian Lindner Probable Future German Financial Minister The inflation rate Overseas in November the symbolic cap of 5% , literally crafting the Germans, as well as some ultra-orthodox economists. Chief of the Liberal Party and Tax Falcon, Christian Lindner Brigue The position of Minister of Finance in the next Scholz government. His goal: put the accounts to the cord, reinstall the brake to the debt, stop the waltz of labels and ... Reassure our neighbors.

Thunder shot in the German sky. The prices flew in November, passing the symbolic bar of 5%. 5.2% exactly (compared to 4.5% in October), according to the first calculations of the Institute of Statistics, a record since June 1992 and the euphoria of reunification. "When will the" Inflationspiral "stop?", Wondered yesterday 29 November Spiegel in his evening podcast. For weeks, German television multiplies the radiospillars in front of the supermarket crates and gives the floor to housewife frustrated by the rise in the price of milk, butter platelets, fruits and vegetables. In one year, household heating raged 22% overseas. 2 Experts explain this overheating both by the boom of the post-confinement recovery, by the shortages of raw materials and labor, as well as by energy tariffs that fly around the world . For many it is a passenger phenomenon. Others are more pessimistic. Like the Star economist of the falcons, Hans-Werner Sinn who will give a Christmas conference at the IFO Institute of Munich on December 13th. The argument plants well the decor "

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does inflation come now? Numerous economists say that rising prices observed for some time is due to special effects such as supply chain problems or Catch-up effects due to the pandemic. Inflation rates would fall again in 2022. However, many indicators speak another language. This increase is the most important for 50 years, when the first oil shock has shaken the world. The world. Current increase could mark the beginning of a persistent stagflation ... "1 of the stability promises made at Tabloid Bild 1 It is necessary not less to distort our neighbors, durably traumatized by the hyper inflation of the 1920s . Especially since they learned a few weeks ago the announcement of the resignation of Jens Weidmann, boss of the Bundesbank, in protest against a European monetary policy too accommodating. Their concern is all the greater as the political climate is deleterious. A new wave of Covid-19 strikes the country of full force, while the passing of power to the chancery trails, with an Angela Merkel who does not stop from leaving and an Olaf Scholz who does not end arrive . "We must act and quickly," have continued to exhort the newspapers of all over the mid-October. First to fight the pandemic, then to fight against inflation, longer term to protect the environment ... 2 Scholz and its new tricolore coalition (with socio-democrats, liberal and environmentalists) that should be inducted Next week timer and try to reassure. 0 There is one, in any case, which must rub his hands. It is the future Great Argentier: the chief of the Liberals Christian Lindner. He will be Minister of Finance, he has demanded it, he has been dreaming for years. Tax Falcon, he ripped during the coalition negotiations that taxes do not increase, that the debt brake is back from 2023 and that Europe returns with the rules of good management. A partner who announces Coriace for Paris. But whose ambitions sound sweet to the German ears. He has not ceased to warn about the dangers of a return to inflation. 2 A month ago, it was, according to the polls, the favorite of the Germans to take care of the coffers of the Federal Republic, far before the leader of the Greens, Robert Habeck, who also broked the position. Monday, November 29, Lindner was already promising at Tabloid Bild , the country's most read journal, that the new government will control prices and lower energy rates. It remains to be settled Wilhelmstrasse in Berlin, in the chair of his predecessor ... a certain Olaf Scholz.

The economic challenges facing Jerome Powell and Joe Biden .
Specifically, the central challenge to Powell in his second term will be walking the fine line between controlling inflation and rising prices while also being careful not to raise interest rates in a way that curbs economic growth, causes stagflation, or leads to another recession. The Federal Reserve cut interest rates to nearly zero at the onset of the coronavirus pandemic, and Powell has said that rates would remain there until the economy had reached maximum employment and inflation had exceeded its 2 percent target to make up for past shortfalls.While the unemployment rate has declined substantially to a pandemic-era low of 4.

usr: 1
This is interesting!