What’s Worth Buying?
January 26, 2009 at 09:23 AM EST
Another weekend, another attention-grabbing headline in the UK Sunday press. Outgoing BOE Cassandra David Blanchflower observed that unemployment in Britain is likely to reach 3 million (from the current 1.92 million) and that rates are “obviously” going to zero. This is the same chap that forecast UK unemployment of 2 million by year-end 2008 months [...]