I subscribe to a news weekly called The Week which reproduces articles from the previous week's press. Last week it included the following piece from the Independent on Sunday. Now I knew the press hates us but to blame the country's economic woes on us? Isn't that taking it a bit too far?
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"All the statistics point towards recession, says Noel Healy of E&H Capital Partners, but "out on the streets it's harder to tell". The usual London indicators - restaurants, taxis, traffic congestion - do not seem to tell of a major downturn. "My barber and my local publican" do not speak of doom and gloom. ............ In business, the level of M&A activity and capital-raising at the smaller end of the market "seems reasonably active"; ........ .... And "my personal economic indicator" confirms that "we're likely to keep tottering along": when the performance of Manchester United is good, as in the Sixties and the Nineties, economic prospects are good too. On the other hand, Liverpool - which represents the Seventies and Eighties - is also "coming strong" and that could signal disaster.
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Now, you can conclude several things from this :
a. Noel Healy is a Manc. After all, he lives in London and is obsessed by money.
b. He knows nothing about football otherwise he'd know that Liverpool were also successful in the Sixties. And weren't the Eighties a boom time too?
c. The Independent on Sunday prints shite.
d. Economics is not a science but is based on the whims of idiots.
or,
e. The whole thing is a wind-up
Personally, I go for the latter. But, then again....
