Economies: despite talking up, markets are still in turmoil
The Governor of the Bank of England this week spoke out of turn: whilst politicians are busy grasping at any hint of good news and proclaiming it a "green shoot," the Bank stepped in with a reality check.
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But it is the markets that show the true state of the situation. Chaos and confusion remain the order of the day, as the last week's markets history shows.
Stability packages notwithstanding, there is still, clearly, massive uncertainty.
A summary of the past week makes a different point: what appears to be wild volatility, masks a fundamental downward movement.
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