I keep hearing in the news about how fragile the economic recovery is that we are currently seeing. I don’t know about you but I don’t see any economic recovery. What I am currently seeing is nothing more than a mirage that has been caused by massive fiscal stimulus by governments borrowing money (or as I like to think of it, stealing money from the future generations) that they didn’t have or worse by printing money (quantitative easing etc). I am yet to see any evidence that would make me think we are seeing a genuine recovery.
Showing posts with label unemployment. Show all posts
Showing posts with label unemployment. Show all posts
Sunday 11 April 2010
Wednesday 17 March 2010
Can the British pound fall any further?
At the time of writing sterling today had risen by 0.6% to be 1.5344 against the US dollar. Part of the contributor to this was a fall in UK unemployment of 33,000 for the 3 months to January 2010 putting unemployment at 2.45 million or 7.8% today. Now I don’t watch this indicator regularly however if you read into the figures a little deeper it doesn’t look all rosy to me.
Subscribe to:
Posts (Atom)