What’s going on? The US added just 235,000 new jobs in August – far fewer than even economists’ lowest forecast of 400,000 What does this mean? There might be two mitigating factors: The survey was taken in mid-August, when Delta variant fears were probably at their highest. Managers might’ve paused hiring to manage a demand…
Tag: ecb
Ep 145: Eurozone bond yields are promised not to rise
What’s going on? The European Central Bank promised to keep eurozone bond yields from rising. What does that mean? Like the US, the eurozone’s pumped lots of money into the economy to keep things stable throughout the pandemic. Now that a recovery’s near, investors are worried that those money would lead to inflation, forcing the…
Ep 115: Courtroom Drama
What’s Going On Here? German courts ruled that the European Central Bank’s (ECB’s) economy-boosting quantitative easing program might be unconstitutional. Quantitative easing (QE) is when a central bank buys government bonds from the market and, in doing so, puts cash to work doing all sorts of productive things for the economy. What Does This Mean? German courts don’t think…
Ep 80: On The Pull
What’s Going On Here? With Germany’s unemployment rate unexpectedly falling in November, the country might now dig its heels in more than ever against the European Central Bank (ECB). What Does This Mean? The ECB has long been calling for Germany to boost its economy through extra public spending, but positive unemployment data might give the country’s…
with HT 