The market likes it

Posted on

I note the FTSE is at a near high for the year this morning.

The market loves cuts.

They are idiots. You cannot make money in any business without selling your products. George Osborne sucked demand out of the economy yesterday and yet the market is celebrating. Profits must fall, and yet the market has gone up.

I've said it before, and I will no doubt say it again: those who speculate in the city clearly have no idea what they are doing.