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The Start of the Beginning: Monthly Outlook
In what has been dubbed a historical turning point, NATO ‘Allies’ agreed on June 26 to increase core defence expenditures to 3.5% of GDP and to spend at least another 1.5% on defence-related investments. Members also reaffirmed their “[…] ironclad commitment to collective defence as enshrined in Article 5 of the Washington Treaty – that an attack on one is an attack on all.” We estimate that well-executed strategies could raise euro area GDP by up to 3.4% by 2045, while poorly executed approaches would yield negligible economic returns. Well-designed policies can expand rather than crowd out private ... (full story)
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From @realDonaldTrump|Jul 2, 2025|31 comments
“Too Late” should resign immediately!!!“Fed Chair Should Be Investigated by Congress, FHFA Head Says” https://www.bloomberg.com/news/articles/2025-07-02/fed-s-powell-should-be-investigated-by-congress-fhfa-head-says
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