Pictet's Cole Says U.K. Can't Have Another Election

The transcript discusses the political and economic landscape in the UK post-Brexit referendum. It highlights Theresa May's challenges in governing with the DUP and the potential for another election. The conversation shifts to economic predictions, focusing on Mark Carney's actions as the central banker and the resilience of the UK economy despite initial recession fears. The discussion also touches on the implications of inflation and the central bank's potential need to tighten monetary policy.

What was Theresa May's primary goal in calling for an election?

• To strengthen her position in Brexit negotiations

• To reduce the influence of the DUP

• To increase public support for the opposition

• To implement new economic policies

What was the outcome of the prediction made in 2007 about bank earnings?

• Bank earnings were unaffected by the subprime crisis

• Bank earnings increased significantly

• Bank earnings remained stable

• Bank earnings fell due to the subprime crisis

What action did Mark Carney take immediately after the Brexit referendum?

• Increased interest rates

• Cut interest rates

• Implemented new trade policies

• Introduced a new currency

What risk does a central banker face when predicting a recession?

• Increasing inflation

• Decreasing public trust

• Creating a self-fulfilling prophecy

• Boosting economic growth

What challenge did Mark Carney face after his initial actions post-referendum?

• Handling a deflationary period

• Addressing a slowing economy

• Dealing with a resilient economy

• Managing a booming economy