Stock markets hit by BofA’s bleak forecast

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FT.com / Companies - Stock markets hit by BofA’s bleak forecast.

Why on earth does anyone think the immediate prospects are anything but bleak?

Unemployment is rising hard.

House prices are bound to fall further as a result.

Governemnt spending is, wholly illogically, under attack.

It can't get better until this changes, especially the last. We need more fiscal stimulus. And the Conservatives want to give us recession by the bucket load. It's madness on their part.

States do not work the same way as corner shops. Learn and inwardly digest soon George Osborne.