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Non-Tech : Kirk's Market Thoughts
COHR 181.67+2.4%Dec 5 9:30 AM EST
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To: robert b furman who wrote (1232)5/14/2014 9:49:53 AM
From: Kirk ©  Read Replies (1) of 26704
 
One thing for sure, unemployment is coming down in the UK. Maybe the politicos like to have more dependent on them?
I'm surprised at the negative attitude the Parliament is grilling the Pfizer CEO with

The U.K.'s unemployment rate fell to a 5-year low of 6.8% in Q1, said the Office for National Statistics today, giving more fuel to those calling on the Bank of England to hike rates. "Record low interest rates are increasingly unnecessary,” said Rob Wood, an economist at Berenberg Bank and a former BOE official. The BOE, however - in its May inflation report released after the unemployment print - acknowledged the rebounding economy, but said more slack needs to be absorbed and reiterated its low-rate pledge.
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