Monday, October 7, 2013
Proof That The Propaganda Is Working.
Business optimism in the City hits highest level since 1996 as green shoots of economic recovery continue to grow
A chart clearly showing that the CBI business optimism chart has no relationship to reality. Wishful thinking that we were in the promising days of 1996 when OASIS ruled the charts and people drove Ford Escorts. Banks, building societies and other financial services firms are the most optimistic about their business prospects for 17 years a report revealed today. The CBI/PwC Financial Services Survey found optimism in the sector surged in the three months to the end of September amid signs of a strengthening economic recovery across Britain. It said 59 per cent of City firms reported feeling more optimistic about their future prospects, compared to only 6 per cent which were less optimistic, giving a balance of 53 per cent - the highest reading since December 1996.