Upbeat US data contrasts markedly to crisis situation in Europe
According to the Bureau of Labor and Statistics, US nonfarm payrolls grew by 257,000 jobs in January. At the same time, data for November and December was revised to show a whopping 147,000 more jobs created than previously reported. Not only that, wages rebounded as well! The pick-up in wages is likely to combine with lower oil prices to provide a massive tailwind for consumer spending and keep the US economy growing at a healthy clip. Erin weighs in.
Then, Edward is joined by Dr Pippa Malmgren – founder of DRPM Group and author of “Signals: The Breakdown of the Social Contract and the rise of Geopolitics." Dr. Malmgren gives us her take on the recent jobs report and tells us what impact policy divergence will have on stocks, commodities, and oil. She also breaks down some of the important points affecting the political outcome in the Greek crisis.
After the break, Edward sits down with Andrea Terzi – professor of economics at Franklin University Switzerland and research associate at the Levy Economics Institute. Andrea tells us what Greece needs to do to improve their economy and gives us his take on the effects of the ECB’s proposed quantitative easing on the economy and inflation.
And in this week’s Defining Moments, take a look at what our guests have to say on wage growth, Greece, net neutrality, and Japan.
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