BoE Raises and Makes Recession Warning

The problem for the UK and BoE is the Tories a not promising to raise the top income and corporate effective tax rates. This strands the UK’s economy as opposed to growing the industrial base. It is an ignorant point of view that the poor rich need socialism to help them.

The BoE is expecting as long as a two year recession. That is also very telling for the us, the FED and BoE are not rushing in to alleviate a recession.

In the US I have very few worries for our economy. The FED policies are falling on individuals instead and in particular on the baby boomers, while the Xers, Millennials and Zs are enjoying this economy in a very big way.