Its the little things...

A few months  ago I wrote about how anything is possible with statistics if you measure in small enough increments, about 0.1% seems to be the going rate . A while ago the Bank of England head man Mark Carney said that when unemployment figures fall to 7% then it would be time to raise interest rates . This has happened now , surprising everyone ,  and there is a general election next year which is a bit awkward . Whats the solution ? Well the unemployment figure today just so happens to be 7.1% . Just short then suspiciously ! Anyway not that this really matters as he says today that the interest rate rise will now be based on " other factors " . Firstly this is moving the goal posts for political reasons ( but he has none in this country so I guess it must be for the benefit of others  ) Mmmmm.... and secondly if he didn't see this sudden unexpected  " growth "coming I must ask who the hell should have ? Or more likely I doubt whether it exists at all . Sometimes I believe they make it up as they go along , I really do ...