UK News — GDP Stronger Than Expected

As expected, boom time for now as the massive deficit spending raised savings and incomes, recharging consumer batteries, and supply the financial equity to fuel the subsequent expansion. Look for rate hikes to add gasoline to the fire as well. The risk of slowing from fiscal tightening is way down the road. In fact, it’s […]

UK Economy Grew Unrevised 0.3% in First Quarter

Still looks to me like the UK budget deficit has been more than sufficient to support at least modest GDP growth. UK Headlines: U.K. Economy Grew Unrevised 0.3% in First Quarter U.K. Consumers Predict Economy Will Worsen, GfK Survey Shows U.K. Mortgage Approvals Rose 2% in May From April, CML Says U.K. Profit Warnings to […]