Category: TRENDS ON THE GLOBAL ECONOMIC FRONT

Home TRENDS ON THE GLOBAL ECONOMIC FRONT
ECB FEARS INFLATION WILL LAST FOR YEARS
Post

ECB FEARS INFLATION WILL LAST FOR YEARS

The European Central Bank’s [ECB’s] governing council is expressing concern that inflation in the Eurozone, which ran recently at 10 percent, will become “self-reinforcing” and last for years as the euro remains weak and governments pump stimulus money into national economies to soften the impact of soaring energy costs, the Financial Times reported.

WHEN THE ECONOMY FALLS JOBS GO WITH IT
Post

WHEN THE ECONOMY FALLS JOBS GO WITH IT

Dragflation: Economic growth declining and inflation rising... plus the pressure of interest rate hikes that are drying up the cheap money pool are causing companies in many sectors to lay off employees. Job cuts in September came in at 29,989, up 46.4 percent from a month earlier.  Job cuts have jumped 66 percent year on year in September according to the Challenger report.

U.K. CENTRAL BANK GOES LOOSE
Post

U.K. CENTRAL BANK GOES LOOSE

On 29 September, the Bank of England (BoE) suspended its plans to tighten monetary policy and bought £1 billion in government bonds to stabilize the nation’s debt and pension markets after new prime minister Liz Truss announced her government would initially borrow more than £72 billion to subsidize household energy bills.

Skip to content