The elites think we are stupid. They are in the main quite correct.
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The Bank Of England Looks Headed For Interest Rate Cuts—Just Blame Brexit
The Bank of England appears increasingly likely to cut interest rates soon as the British economy weakens further in the face of grinding uncertainty associated with its long and tortured breakup with the European Union. Indeed, it will take a very improbable economic bounce following the recent national election that propelled Boris Johnson to power for the central bank not to cut interest rates further from the already low level of 0.75%. The vote was seen as a clear mandate toward finally executing a long and divisive battle over Brexit. First it was Mark Carney, the central bank’s outgoing governor, who ... (full story)