Bank of England actually pretty upbeat, saying we will make up the lost ground in 2 years. This implies they consider the effect almost entirely cyclical, which, if true, would be fantastic news. (View Post)

Sorry to disappoint but other surveys effectively show that 5%-8% of respondents don't fill surveys in properly... (View Post)

Rory who? That's the reality of it. The moment has passed. (View Post)

Either these deaths: - are really COVID in disguise - aren't COVID but an invitable consequence of it (e.g. lack of hospital capacity) - aren't COVID but a consequence of the lockdown, e.g … (View Post)

PMI is not the right measure for that conclusion. PMI asks purchasing managers - rebased in effect to 100 of them - if they have grown, contracted, or stayed the same in the last month. The last mont… (View Post)