Gross Says U.S. Aug. Jobs Report Is ‘Weak’

The transcript discusses economic revisions, focusing on wage growth and inflation trends. It highlights the central bank's focus on inflation over job growth, noting the breakdown of the Phillips curve. The conversation shifts to interest rates, with a focus on global events like North Korea's geopolitical tensions and their impact on bond markets. The discussion also covers the influence of liquidity from the ECB and BOJ on global bond yields, comparing Japanese and European rates to US ten-year yields.

What is the main focus of central bank thinking according to the first section?

• Inflation

• Wage growth

• Unemployment rates

• Job growth

What historical economic relationship is mentioned as being broken in the first section?

• The relationship between inflation and interest rates

• The relationship between unemployment and inflation

• The relationship between GDP growth and inflation

• The relationship between wage growth and job creation

What factor is suggested to potentially lower the 10-year yield below 2% in the second section?

• Increased consumer spending

• Geopolitical tensions

• Decreasing unemployment

• Rising inflation

What is the impact of ECB and BOJ's liquidity measures on global bonds as discussed in the third section?

• No impact on bond yields

• Increased bond yields

• Decreased bond yields

• Stabilized bond yields

Why are U.S. bonds considered attractive according to the third section?

• Higher interest rates compared to other countries

• Higher inflation rates

• Better economic growth prospects

• Lower risk of default