A few readers have said, can we hear some good news occasionally?
Yes, of course. I told you about an excellent play recently. Last night I watched the English bowlers and fielders show some real commitment, skill and hunger to win a game of cricket. The played brilliantly, bottling up the West Indies batsmen and letting us live in hope that they might have won the match. In between overs and during the ads I could turn to watch Liverpool playing as if they were on fire. They swept aside Real Madrid as if they were a second division team.
Recessions do end. During them around 90% of economic activity usually survives. Most people keep a job. If you work for the public sector or depend on a public sector pension, you can be assured the government will “do what it takes” to carry on paying.