05 August 2016

Just Deserts

Recall the expectation that Brits, being heavily into financial services, put themselves into dire jeopardy with Brexit. The problem with basing an economy on FS is that not only money is fungible, but so are the jobs which move it about from hither and yon. The computers that do the actual work can be anywhere. As can the terminals which talk to them. From today's news:
The U.K.'s job market is in "freefall," according to the Recruitment and Employment Confederation. The organization said that permanent hiring fell to the 2009 lows.
-- briefing.com

The rats, along with the London Whales, are fleeing The City for Paris and Frankfurt and such. Cheerio, mates!!

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