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Mid-Year Market Review: Time To Get Off The Bull?
Many Happy Returns
The UK's Wage Restraint Crisis
I don't think that in the UK, they've really got around the problem of wages growing just too quickly to be consistent with inflation at 2%. There's just no way we're going to get back to 2% inflation with wage growth as high as it is now. Right now, wage growth is 7.2%. That's just far too high. Andrew Bailey came out and said this after the latest fiasco from the Bank of England,. They raised rates by 0.5%, but they don't even bother to have a press conference. So anyway, yeah, he tweeted about it afterwards, which I just think is absolutely atrocious. It's not going to change anything. People are
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