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Article: INVESTMENT VIEW: Cargo cult is loading up.
- Article from:
- Money Marketing
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Centaur Communications 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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It seems we in the UK are the odd one out - the tail-end Charlie, if you like. Last week, it was confirmed the US was emerging from recession. Europe had shaken off negative growth a quarter earlier. But when the Office for National Statistics declared the state of play back home, it was to announce that for six straight quarters our economy had shrunk. Notwithstanding optimistic expectations ahead of the figures, we were still on the downward slope.
The official declaration of figures was not far short of two weeks ago now but attracted less attention than you might have expected.
For me, always keen to introduce current data into an article - ...