Truckers Cut Payrolls As Freight Demand Softens

Funding pensions reduces aggregate demand:

The Long Bull Market Has Failed to Fix Public Pensions

Long term loans to banks do nothing for the macro economy and negative interest rates are a tax:

Mario Draghi signaled that the European Central Bank expects to rely on long-term bank loans and tweaks to its negative interest-rate policy as a first defense if officials need to intensify their fight against the economic slowdown.

The comments came as the ECB president warned that euro-area growth has cooled further this year and could yet worsen. In a sign that hopes of a second-half rebound are fading, he said the weakness “will extend into the rest of the year.”

Germany’s Economy Runs on Low Wages