Showing posts with label unemployment. Show all posts
Showing posts with label unemployment. Show all posts

Sunday 11 April 2010

Where is the economic recovery?

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.

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.