Global economic recovery under way

Fund manager's comment

Earlier this week I had the uncomfortable feeling that, in the words of Yogi Bear, 'its like déjà vu...

Earlier this week I had the uncomfortable feeling that, in the words of Yogi Bear, 'its like déjà vu all over again'. In the sporting world, my beloved Burnley have once again started the new season with three straight defeats, England have crumbled to another spineless defeat at Headingley and there has been a dismal showing by GB athletes at the world championships. Looking at the stock market, one could be forgiven for having much the same feeling. The market is up 30% in less than six months, technology stocks are once again in vogue and Tony Dye is back on the front page of the Sun...