If you lost track of the news stories this week, our Weekly free lunch post will keep you updated.
This week the news was all about events in the international economy:
- The Economist reported on the collapse of manufacturing in the Euro area.
- In the week before, ECB President Mario Draghi said:
Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough.
but he did not say that he would do it this week and markets were disappointed by this week’s meeting.
- In the US the Fed stopped short of new monetary policy stimulus, to the marked disappointment of economists:
The jobs report is our monthly reminder that millions remains jobless, and Congress and the Fed aren't doing anything to help them.—
Justin Wolfers (@JustinWolfers) August 03, 2012
- We also found some nice posts about the slowdown in China, what it means, and how they should respond.
You can read all these stories on our Scoop.it page.