Unemployment edges up on both sides of the Atlantic. UK election results show Sunak up as a hopeless politician he really can't do politics.

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Unemployment edges up on both sides of the Atlantic - things are definitely showing early signs of slowing down.

Whatever the outlook there are very good reasons to quietly ditch the 2% inflation targets that apply to the FED, BoE and ECB - particularly in the US, too much harm will be caused by a driv…