{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Eurodollar University","title":"You Won't Believe What Europe's Central Bank Just Did","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/746a7018\"></iframe>","width":"100%","height":180,"duration":1115,"description":"The ECB cut rates for the second time, as expected, though amidst a strong bond/bund market rally that has now completely un-inverted that yield curve. This comes at a time when major businesses like Volkswagen are thinking about closing down factories due to how much idle capacity they have. What links all of these together, what explains all the facts, is that there was never a global recovery, only a transitory price illusion. \nEurodollar University's Money & Macro Analysis\nBloomberg Half-Empty Car Plants in Europe Spell Trouble for Workers\nhttps://www.bloomberg.com/news/articles/2024-09-11/vw-s-german-factory-closures-highlight-wider-problems-for-europe-s-carmakers?srnd=phx-economics-v2\nVolkswagen 2023 Annual Report Income Statement\nhttps://annualreport2023.volkswagen-group.com/consolidated-financial-statements/income-statement.html\nVolkswagen 2019 Annual Report\nhttps://annualreport2019.volkswagenag.com/\nECB Press Conference Statement\nhttps://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2024/html/ecb.is240912~4f7b17040c.en.html\nBloomberg ECB’s Economic Hopes at Risk as Consumers Put Spending on Ice\nhttps://www.bloomberg.com/news/articles/2024-09-09/ecb-s-economic-hopes-at-risk-as-consumers-put-spending-on-ice\nStatista Half of OECD Countries Earn Less Now Than Pre-Pandemic\nhttps://www.statista.com/chart/32831/real-wage-growth-in-the-oecd/\nOECD Employment Outlook 2024\nhttps://www.oecd.org/en/publications/oecd-employment-outlook-2024_ac8b3538-en.html\nhttps://www.eurodollar.university\nTwitter: https://twitter.com/JeffSnider_EDU","thumbnail_url":"https://img.transistorcdn.com/-PtiTzNd5Hw0QA5KJSn4hxFg04siyhv-eokn_umaeKU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzkyNDMvMTY2ODk5/MjU1OS1hcnR3b3Jr/LmpwZw.webp","thumbnail_width":300,"thumbnail_height":300}