FYI.
– Goldman Sees A UK Recession, Shocked By A Fed “Tightening Cycle Unlike Any In Modern History”:
Looking at the UK, Goldman says “we expect a recession – albeit mild by historical standards – in the first half of next year. The weaker outlook will also weigh on the inflation outlook. Meanwhile, back in the US, “our forecasted path for the funds rate now looks quite unlike any tightening cycle in modern Fed history—one increase, followed by an extended pause, followed by gradual but steady increases over the subsequent three years.”
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Utter bollocks!
We’ve be been in Recession Mode since 2008.
Everything we’ve been told about employment and recovery has been lies.
We are a two nation society, the poor dominate, but they are also partly represented by the spongers.