Showing posts with label uk unemployment. Show all posts
Showing posts with label uk unemployment. Show all posts

Wednesday, 16 September 2009

The recession is over.

The European Stock market is on a big climb this week whilst the U.K. unemployment numbers are doing the same.  Repeat after me "unemployment is a lagging indicator".  It is a truism.

In the U.S., Federal Reserve chairman Ben Bernanke has declared that the recession is over. Hat's off everyone -- and do include a gleeful toss into the air.

The Truism.  Some truisms are locktight, such as "All men die".  Others, such as " Seeing is believing", "A little knowledge can go a long way", and "Actions speak louder than words" are more in the realm of cliches.  Is "unemployment is a lagging indicator" a cliche or a truism?  I'd say it is a cliche.  

I obviously have the skeptic hat on this morning.  I shall stop stop stop.  And walk into the sunshine, stretch my arms, and admire the new dawn.  Except that it is too late for that.  I'll have to settle for a toast at sunset.  Missmc from here on in vows to take "the glass half full".

That is a cliche in essence, but, a truism in a most literal sense.  Cheers.