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• Summers: Youth unemployment potentially the biggest problem of our time
• Merkel: Euro debt crisis will last at least five more years
• Deeper euro-zone factory downturn hardens stimulus view
• Parties in last-ditch talks
• Spain won’t get answers from Draghi on conditionality ahead of any aid request – Barclays
• QE ‘counterproductive’, Charles Goodhart warns
• China non-manufacturing industries rebound from 19-month low

Summers: Youth unemployment potentially the biggest problem of our time Posted: 03 Nov 2012 04:58 PM PDT Former US Treasury Secretary Larry Summers, discusses youth unemployment in The Telegraph: “Youth unemployment has never been a more serious problem,” he says. “All the studies and data show that when young people have a career path and get in the habit of working hard, the benefits are long-term. We’re not just talking about early in life.” The is an interesting point about the popularity of internships in Germany, where youth unemployment is a much lower. I think the countries that win out will be the ones who adopt a combination of lower-cost education with technology and more employee training programs.

Merkel: Euro debt crisis will last at least five more years Posted: 03 Nov 2012 09:55 AM PDT Happy Dayz Here’s another link to same story.

Deeper euro-zone factory downturn hardens stimulus view Posted: 03 Nov 2012 05:29 AM PDT ECB rate decision due next Thursday, November 8th. General feeling seems to be that bank will leave leading rate steady at 0.75% this time round.

Parties in last-ditch talks Posted: 03 Nov 2012 05:05 AM PDT Greek PM seeks to win round coalition partners before austerity vote as MPs confer

Spain won’t get answers from Draghi on conditionality ahead of any aid request – Barclays Posted: 03 Nov 2012 04:29 AM PDT You mean they didn’t make a request while I was gone?

QE ‘counterproductive’, Charles Goodhart warns Posted: 03 Nov 2012 03:53 AM PDT Oh dear Bank of England MPC rate decision due this coming Thursday 8th November. Widely expected rates to be held at 0.5%, QE at £375 bln. We ain’t gonna disagree with that.

China non-manufacturing industries rebound from 19-month low Posted: 03 Nov 2012 03:45 AM PDT Yipeeeeeeeee!!

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