There is no need for me to add anything professional. You have done the subject justice!!
But I must say that the furore surrounding last weeks market gyrations did make me wonder. I just couldnt work out why it happened. It made little sense. (mind you we used to joke that if the lavs on the third floor of the Stock Exchange were out of order the FTSE would plummet )
I now know why. Among other things an incorrect forecast re recession was made by the ONS plus the B of E had hardly covered itself in glory.(Come back Lord King). Then the reason for the changes were not properly communicated to the mmarket in the rush to protect us all from the energy crisis.
The IMF intervention was astonishing. Inappropriate is the word for it and even then to comment on a measure involving just £2bn was ridiculous as are those who continue to plough the "rich v poor" furrow.
I am confident as I can be that the current direction of travel is the best we can expect given the aspects of the economy which we cannot control.
It will be a long and bumpy journey
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