Interesting read - but.............
The [weakness of the economy]('https://www.nytimes.com/2024/02/15/business/uk-economy-recession.html') has put pressure on the central bank to cut interest rates. Britain’s [[SIZE=5]unemployment rate[/SIZE]]('https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/employmentintheuk/april2024#unemployment')[SIZE=5] rose more than expected in its latest reading[/SIZE], published this week.
This presents a “difficult balancing act” for the Bank of England, Jake Finney, an economist at PwC, wrote in a note. Slowing inflation puts pressure on the bank to cut rates [SIZE=5]“to get the economy growing again,” he said, but policymakers probably want “more conclusive evidence that we have achieved a sustainable return to target before they pivot to rate cuts.”[/SIZE]
[SIZE=4]Here in the US, the economy added 300K+ jobs. But what kind of jobs? They are calling it "migrant" labor, additional government jobs, health industry (government funded), "second and third jobs" for folks trying to get out from under record inflation.
Watch the earnings reports. Dig down into how much of the higher payroll jobs were cut to get better earnings.
The other day, Goldman was the darling on WS. But in the fine print, they released 2% of the workforce to achieve that report. And those were high paying jobs. [/SIZE]
Lastly, this administration in an election year will not allow any media to say the economy is in trouble, blah blah blah.
Rigged?
Interference?
Look at the story regarding NPR.
