federal elections

Authored by Jayant Bhandari via Acting-Man.com,

India’s Rapid Degradation

This is Part XI of a series of articles (the most recent of which is linked here) in which I have provided regular updates on what started as the demonetization of 86% of India’s currency. The story of demonetization and the ensuing developments were merely a vehicle for me to explore Indian institutions, culture and society.

The Modimobile is making the rounds amid a flower shower. [PT]

With less than 48 hours until polling begins in the first major European election of the year, Bloomberg reports that snap polls show support for the anti-Islam, euroskeptic Freedom Party of populist Geert Wilders being re-energized after the last few days chaotic events surrounding Turkey.

As discussed earlier, the Obamacare repeal and replace effort, derisively called by some either "Obamacare Lite", "RyanCare", "ObamaCare 2.0",  and even Trumpcare". is running into major hurdles as prominent consevative groups threaten to derail Trump's broader economic agenda.

Following a series of "hot" inflation prints from Germany's states, moments ago German inflation rose more than expected, printing at 2.2% above the 2.1% consensus estimate, up from 1.9% in January and surpassing the ECB's target of a rate just under 2 percent for the first time since August 2012, the peak of the Eurozone debt crisis.

With Germany headed for federal elections in September, the inflation figures will add more fuel to the debate about an end to the European Central Bank's loose monetary policy.

Submitted by Martin Armstrong via ArmstrongEconomics.com,