yield curve n massive tech layoffs planned were flashing since 2023.

“Most sectors of the economy were weak, but the optimists will point to the fact that there is plenty of scope to cut interest rates should the current trend in inflation and growth accelerate.”

So much focus on interest rates, so little attention to the broken money.

https://www.cnbc.com/2024/02/15/uk-economy-slipped-into-technical-recession-at-the-end-of-2023.html