@failedLyndonLaRouchite@mas.to
Post #3650318
2026-07-07 14:01 UTC
@bibliolater@social.vivaldi.net gives us a scary politico article
https://www.politico.eu/article/bank-of-england-andrew-bailey-warn-ai-uk-recession/
"A price correction in AI stocks, driven by a change in productivity and profitability among tech-led companies, could cause a 2.2 percent fall in U.K. GDP, the Bank warned in its financial stability report today."
eg a fall in the US stock market causes recession in the UK
if you read the actual BoE report
https://www.bankofengland.co.uk/-/media/boe/files/financial-stability-report/2026/financial-stability-report-july-2026.pdf
there doesn't seem to be any qualificatons on that 2.2%
is 2.2% likely ? what is the range ?
and the report is long, and has a lot of stuff and LOL the most hideous graphics I have ever seen , true eyesores
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