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How overseas hot stocks are skewing our picture; CITY COMMENT.
- Article from:
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The Evening Standard (London, England)
- Article date:
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April 21, 2006
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Copyright informationCOPYRIGHT 2006 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: ANTHONY HILTON
IT has been a good week for the stock market because for most of the time the FTSE 100 index has been pushing up to heights not seen for five years or more - and that was when shares were on the way down after the bursting of the dot-com bubble.
From this, one might almost conclude that perhaps Chancellor Gordon Brown is right after all, and the British economy really is in rude good health.
But it does not feel like it at the coal face. If the economy is indeed growing the way the statisticians claim, then why has no one - or more accurately no one outside the City - got any money?
Why is advertising weak, the shops half-empty and ...