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The programme. Turning back time on a family business. Later in the programme well speak to the young entrepreneur whos hoping to revive the watch making company set up my his ancestors. And according to the trade union congress, todays the day that an average Chief Executive in the uk has earned as much as an average worker in a whole year, so we want to know, are they worth it . Just use the hashtag bbcbizlive. Welcome to the programme. In a few hours well receive the latest Inflation Figures for the Eurozone Economy. The block managed growth of 0. 3 in the Third Quarter of last year and a sustained rise in prices could lead to the scaling back of the European Central banks de facto money printing prog ....
The things we re paying out of covid. the fed fights inflation by tapering back stimulus and raising interest rates to tramp down an overheating economy. jerome powell is probably the most important powerful person most americans probably never heard of. this to me signals that the white house is going to stay the course, they re not going to change sources mid stream, to use that terrible cliche and let this fed chief continue on his covid fight. he gets high marks for working quickly with a remarkable stimulus to keep the american economy from slipping into a depression from the covid recession here. so i think that this is a predictable move for wall street and it allows the president to give the fed maybe a little bit of clear way from, remember the fed kept saying inflation was transitory. doesn t feel transitory but the president is keeping with jerome powell here. and the markets don t like ....
St imulst m.ogprraout iutts iasi ed fal beeeen ng these t treasurore ontho tumpelp p up the ecomony. rht mey mginag doredor,, papaula,a,nd sian ed, if you re getting anything on your blackberry. what s news? interesting news. it looks like in january, we are going to see tapering back of the buying of mortgage-backed securities and long-term treasuries. very small amount, though. we re going on the mortgage-backed security buys from $40 billion to $35 billion, ....
Of volatility since chairman bernanke did mention tapering back in may, which is where we had our highs. which means i will stop giving you this free market. meaning we have seen the most volatility all year. sideways to lower, the last two days significantly lower. there is probably some work to do on the downside in the near term. this is something that s needed. a pullback is needed. we need to get back to more compelling evaluations in the index stocks generally speaking. so it s not as if this is completely destructive. it s a question of a longer period of trend. it s pruning. that s a great example. when you look at five years ago when this whole, they call it quantitative ease, basically, this free money he has been throwing into the economy to start it. every time he said maybe i m going to stop, stocks tankled. you see qe 1, that s the first bout of money, ben bernanke was going to stop t. second time ....