#BoomBustRT with @ErinAde Our lead story today is the #US #jobs report. The #unemployment rate fell to a 6-year low of 5.8% and non-farm payrolls increased by 214,000 in October. This marks the 49th consecutive month of net job creation, the longest stretch of job creation since the 1930s. But despite the positive headline, underneath weak wage growth remains, as average hourly earnings are up only 2.0% in the last year. Erin weighs in. Then, Erin is joined by Nick Rowe, Professor of Economics at Ottawas Carleton University. We break down the terms used all too frequently by the central banks of the world like quantitative easing and forward guidance. And Nick tell us why he’s not too bothered about high household indebtedness in Canada. After the break, is our Defining Moments segment, where we take a look back at some of the best moments from our Boom Bust guests. In todays Defining Moments, Karl Denninger tells us what impact zero rates and quantitative easing have had on the economy, John Mauldin tells us what to think about a rising US dollar, and Gerald Celente cautions that sanctions should be considered an act of war and hearkens back to World War II to explain why. And in The Big Deal, Erin and Edward Harrison are talking Japan. The Bank of Japan has taken a massive amount of assets onto its balance sheet relative to other major central banks. Will this work to stop the rot? We are skeptical. Take a look.
Posted on: Wed, 12 Nov 2014 03:17:21 +0000
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