#France: #Germany: #Scotland: King Charles to celebrate a second coronation on the Royal Mile in Edinburgh, Scotland.@BatchelorShow Occitane

 By SIMON CONSTABLE

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Forbes.com: German Economy Shrinks Faster Than Expected

By SIMON CONSTABLE

It's a rare thing to happen, but Germany now looks like the sick man of Europe, a phrase previously often used to describe Britain.

The health of the business sector dropped significantly in June, according to recent data. The Ifo Business Climate index for Germany, which measures the health of the commercial sector, registered 88.5 in June, down from 91.5 in May. Higher numbers show economic strength, whereas lower ones show a weakening of the economy. Read more here.

Thomas Wolf, www.foto-tw.de, CC BY-SA 3.0, via Wikimedia Commons

Forbes.com : Britain’s Repossession Moratorium Benefits The Banks Not Home Owners

 By SIMON CONSTABLE

U.K finance chief Jeremy Hunt just cut a deal with some British banks to hold off from repossessing homes where owners haven’t kept up-to-date with their mortgage payments.

That moratorium, which will last 12 months, sounds great on the face of things. The stated idea is that it will allow financially stressed borrowers to get their finances in order. And therein lies a problem and an obfuscation both at the same time. Read more here.

Fibonacci Blue from Minnesota, USA, CC BY 2.0, via Wikimedia Commons

Forbes.com : Russia’s Wagner Group Pullback Won’t Deflate Commodities Prices

By SIMON CONSTABLE

The tumult in Russia this weekend won’t send prices for energy and food down much further, according to a recent report from Academy Securities.

The issue is that the attempted on-off coup by the mercenary force Wagner Group to oust the Russian President has likely weakened Vladimir Putin. While that may speed up the path to peace, other things have changed dramatically over the last year and a half. Read more here. 

Federico Zangarini, CC BY-SA 4.0, via Wikimedia Commons

Forbes.com : Gold Prices Set To Slide As Much As $120, Expert Says.

By SIMON CONSTABLE

Gold prices are set to drop as low as $1,800 a troy ounce as investors see potential for economic strength and bullion investors back off.

Our expectation is that it will be weak for the next few months and strength at the end of the year, says Jeff Christian, managing partner of commodities consulting company CPM Group in a recent video. He sees a likely fall to $1,800 over the near future, but it is possible that it goes down further to $1,800. Read more here.

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Forbes.com : Many To Blame For Forthcoming UK Economic Crisis. NIMBYism Included

By SIMON CONSTABLE

The Bank of England’s (BoE) war on Britain's stubborn inflation is likely to crush the country’s economy in ways that many people aren’t recognizing.  

If that comes to fruition, it won’t solely be the fault of the people at the BoE who decide the monetary policy. The problem comes down to decades of absurd housing policy and the overly cautious banking industry. Here’s where we are now and how we got here. Read more here.

 

Andrew Bailey, Governor of the Bank fo England 

UK Government, OGL 3, via Wikimedia Commons

Korn Ferry: The Caution Flag is Out

By SIMON CONSTABLE

The numbers couldn't be better. By all accounts, and according to recent data, Britain's economy is growing at a surprisingly brisk pace. But you might not know that from how firms here are acting. Read more here.

Diego Torres Silvestre from Sao Paulo, Brazil, CC BY 2.0, via Wikimedia Commons