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We think it is quite solid. We got quite good news today. We think it is a overall positive backdrop for the economy that is about to also get more tailwind from the tax policy. It suggests the job market is continuing to heal and i would be surprised if the bond market did not take this into account. In the last 70 years, we have never seen the Unemployment Rate at 4 when the deficit spending is set to increase from 4 deficits to 5 , so this is an economy running hot right now. Wages are gradually continuing to pick up as the Unemployment Rate comes down. There is evidence we are closing in on full employment and this is the start of a more pronounced acceleration in wages. I think this volatility in these data, i think the rush to judgment on Hourly Earnings is a little too soon. It looks like it is probably pul ....
It suggests the job market is continuing to heal and i would be surprised if the bond market did not take this into account. This Unemployment Rate is 4 . Would not seen this before. This economy is running hot right now. Wages are beginning to improve. We are probably closing in on. 1 employment. This could be the start of more of acceleration in wages. I think the rush to judgment was too soon. It looks like it was cold out by folks that the top end. Were excited to see a 2. 9 wage growth number. The impetus for our tax plan was to create sustainable wage growth, something that was missing from this country for a long time. Jonathan kevin, lets begin with you. Nothing for me has really fundamentally changed in the last couple weeks. We spent most of last year focused on inflation as far as the bond market was concerned. Reformanged aftertax and a number of new factors came into the market. The dollardefined, decline. Trade di ....
Policy. It suggests the job market is going to heal and i would be surprised if the bond market did not take this into account. The Unemployment Rate is 4 . In the last 70 years, we have never seen Unemployment Rate at 4 when the deficit spending is set to increase from 4 deficit to 5 , so this is an economy running hot right now. Wages are gradually beginning to pick up and there is evidence we are closing in on full employment and this is the start of a more pronounced acceleration in wages. I think theres volatility in the data, the rush to judgment is a little too soon. It is probably pulled in from the folks in the top end. We are very excited to see the 2. 9 growth rate number. It is the impetus for our tax plan to create real sustainable wage growth. It is something that has been missing from the country for a long period of time. Jonathan joining me around the t ....
He just sat down, so we will get some commentary from him as we work our way through the next hour. To get my greek right or my producer will be angry, a mixed result. The greeks reach a bailout deal, releasing muchneeded aid. The critical question of debt relief is being dodged here. When will this issue be resolved . And the luxury of low rates. It is dangerous when companies are paid to borrow. So is there a bubble waiting to burst . Matt we have less than half an hour before the european open. Lets look at futures right now after a fairly weak session yesterday. We had gains across the board and in futures. The ftse futures up by zero point 0. 1 . We have dax futures up stronger, i am going to make an audible. Normally i show you bunds and it is an interesting trade today as well, but what i think is more interesting, guy johnson, if you take a look at the european car registrations. I have up a fiveyear chart of that right here, and you can see that even though we have had a jumpe ....