August is a month when things can go unexpectedly wrong as so many of us have our minds on other things. We typically enjoy a 7 year cycle. We have five good growth years ahead. I think you should pay no attention to those who say the next recession will begin next year, caused by rising interest rates.
At last real incomes are rising strongly, there is work for those that want it, and even Finance Directors are becoming optimists (a state they are not naturally predisposed to enjoy). The banking system in the UK and the USA is fixed. Quantitative easing in the Eurozone is helping their banks mend more quickly, and increasing confidence.
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