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"Marks & Spencer shares soar as clothing business shows signs of recovery" A headline in the Telegraph today. It then says within a few lines "Britain's biggest high street clothing retailer reported that sales in its general merchandise division fell by 2.9pc in the first half of its financial year, meaning it has now suffered 13 consecutive quarters of falling clothing sales"
So, 13 consecutive quarters of falling clothing sales is now regarded as signs of recovery. Every day this week I have read about redundancies, today an oil refinery in Wales, yesterday Rolls Royce, the day before Lloyds Bank, this is recovery.
The Government say we are recovering but they have not paid off a penny in four years of the countries debt, in fact they have borrowed hundreds of £billions more to keep the sinking ship afloat, but this is recovery.
Link to Telegraph here http://www.telegraph.co.uk/finance/newsbysector/epic/mks/11209719/Marks-and-Spencer-sales-hit-by-warm-weather.html
And some say I am batshit crazy
So, 13 consecutive quarters of falling clothing sales is now regarded as signs of recovery. Every day this week I have read about redundancies, today an oil refinery in Wales, yesterday Rolls Royce, the day before Lloyds Bank, this is recovery.
The Government say we are recovering but they have not paid off a penny in four years of the countries debt, in fact they have borrowed hundreds of £billions more to keep the sinking ship afloat, but this is recovery.
Link to Telegraph here http://www.telegraph.co.uk/finance/newsbysector/epic/mks/11209719/Marks-and-Spencer-sales-hit-by-warm-weather.html
And some say I am batshit crazy
