Wouldn't it be nice if we were part of the global recovery?
One way to judge the policies of any president ... if everyone is drowning at the same time, and everyone else climbs out, but you remain in the water and seem to be sinking further, probably whatever you did since the system began sinking is NOT THE RIGHT POLICY.
FTSE soars to an 18-month high in fresh indicator global economy is emerging from recession faster than expected
By Daily Mail Reporter
06th March 2010
The Footsie closed on Friday at its highest level since the collapse of U.S. investment bank Lehman Brothers in September 2008, providing the markets with a welcome symbol of recovery from the worst banking crisis in living memory.
Investors saw the index up 72.6 points at 5599.76 on the back of better-than-expected unemployment data from the U.S. and data which showed the UK services sector is at its strongest position for three years.
It is the latest in a growing stream of positive indicators which suggest that the global economy is emerging from the mire faster than many economists had expected.
Falls in the value of sterling have been a big influence behind the recent gains, making shares in British companies relatively cheap and increasing the value of overseas earnings.
Fears over a possible hung Parliament have seen the value of the pound plummet to a 10-month low of $1.478 and a four-month low of £0.9148 against the euro.
Adrian Cattley, senior equities analyst at Citigroup, said: 'It makes the UK a place to come shopping, from European tourists on Oxford Street all the way to buying into stocks.
[To read the rest of the article, click on the title link.]
Another suggestion for those Euros and Euro lovers ... DUMP the Euro, it will, soon enough, be on par with the dollar!! : )
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