For the first time ever, Italy's unemployment rate is more than twice that of its European Union (one region, one monetary policy) neighbor Germany. As Germany's jobless rate fell for the 3rd month in a row to 6.5% (the lowest level in records going back more than two decades), Italian unemployment unexpectedly rose to a record high at 13.4% (well above the euro-region rate of 11.5%). Of course, while these two nations 'economic' state diverges by the most on record, bond yields are at record lows in both - leaving us (and everyone else) questioning, just what it is that ECB QE will do to help Europe's economies?
A Tale of Two Records...
[8]
and then there's this...
[9]
So just what is ECB QE going to do for Italy?
