Top Links 243 The return of Nonsense Output Gaps (did they ever go away?), Europe's China deficit, Jodhpurs on the Death Star & why we need to think in trillions
Great links, reading and images from Chartbook Newsletter by Adam Tooze
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Mountains and Pond (Berge und teich) by Walter Spies, 1938 Source: Wikipedia
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Nonsense Output Gaps are back - crediting France with huge slack and Italy with none implying totally tops-turvy fiscal constraints.