Category Archives: green shoots.

Glad to read that “the pound has risen above $1.60 for the first time since November, reflecting reduced fears over the outlook for the UK economy”. The BBC further trills that “Signs that the UK economy could be over the worst of the downturn have prompted investors to shift away from dollars, which are deemed a safer investment. Currency markets reflected a more optimistic tone from business organisation the CBI. ” I suppose one could suggest that the weakness of the dollar is more of a feature of Obama’s hapless handling of the American economy but that would be to criticise he who must be fawned over so better to present this as proof positive that Prudence has solved our economic woes.