If anybody takes solace from the recent surge in the markets, they just kid themselves.
World demand is through the floor, corporate share buy backs are endemic to shore up the misleading share prices, profits are non existent, the BDI has been dragging along the sea bed for four years, order books are non existent, production based jobs have been continuously replaced by service jobs in restaurants, bars & hotels, even the retail sector has bombed.
How can anybody with a modicum of logic or common sense find these facts encouraging? This is a reality check.“
H/t reader squodgy: