Notes from Underground


The world is now going into a deep and sharp recession. With each week that passes increasing indicators are available to strengthen this conclusion. In America we have unemployment figures akin to the Great Depression, accept what took 4 years in America to arrive at took little over 4 weeks in 2020. In the UK the news on the levels unemployment came as a surprise. It rose to over 2 million and its highest level since the mid 90’s, overtaking the 2008 crash in a single month.

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