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U.S. Rich Get Richer, Black Friday, Spanish Rebels: Eco Day
U.S. Rich Get Richer, Black Friday, Spanish Rebels: Eco Day
29 Nov 2019, 06:19 PM IST
(Bloomberg) --
Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to take you through to the weekend:
- The billionaire playgrounds of Jackson Hole and Aspen are getting richer, according to new government data, which shows residents of these pricey ski resorts -- along with Manhattan -- commanding the highest personal income in the U.S
- As Black Friday kicks off the traditional holiday shopping season, it’s make or break time for retailers
- Euro-area inflation accelerated in November, offering some comfort for the European Central Bank whose monetary stimulus has attracted increased scrutiny over potentially detrimental side effects
- Meanwhile, German unemployment unexpectedly dropped this month as a slump in manufacturing showed signs of stabilizing and the trade tensions that have weighed on exporters eased
- Here’s why Spain’s image as Europe’s poster child of growth-friendly economic policy is starting to wear a bit thin
- Japan looks set to re-embrace the power of public spending with one of its biggest ever stimulus packages. Meanwhile, the country’s jobs-for-life system, which for decades has brought stagnant wages and crimped corporate mobility, is withering away
- Finally, here’s our collection of this week’s analysis, scoops and enterprise from Bloomberg Economics
To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net
To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Zoe Schneeweiss
©2019 Bloomberg L.P.
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