The worst thing is the backsliding. It happens, and you just have to accept it. This is apparently one of the things that hits a lot of people the hardest: you're chugging along doing fine, and then it kicks you in the guts, as visceral as it is emotional. It's a cruel intrusion into your belief that you were doing well, and stirs up all kind of worries...
The numbers that proclaim recovery are of course GDP: that profoundly irrational statistic that sees more growth in disaster relief than disaster prevention, that grows with war and floods but never measures educational attainment or physical health. With a data point that skewed, it's no wonder our current bad news is trumpeted as good news.
The issue that I've raised the most in the past year or so is not inflation, but the difference between inflation and wage settlements. Especially with the decrease in the savings ratio of late, as people attempt to keep their lifestyle going by raiding savings pots, price increases and their relation to wages are key to the survival of the recovery. Without one, we cannot have the other.
Next week is a big week for the new Governor of the Bank of England, and the UK economy as a whole. Wednesday at 09.30 will see Carney take the stage, the pound take a dive and the nation will hold its breath. By the end of Carney's first Quarterly Inflation Report we should have a much better idea of what we can expect next.
This week's sales numbers showed a slight increase in retail sales and did well to improve on the 2.1% increase made in May. Notes and noises from the retail sector have been encouraging of late. Data from the British Retail Consortium has begun to shown an increase in sales volumes, whilst consumer confidence has moved to the highest level since October 2010.
A few days back, I published a piece right here titled: What's in a Word, and Who is the Addict? I really only dealt with the first part of the question: semantic pros and cons pertaining to word usage. This time, I wish the address the second question - a far more difficult question than the first.
A wedding can be many things depending on whereabouts you are on the sliding scale of alcohol abuse-to-alcoholism. If you're abusing it to the point people haven't really picked up on yet, then it's a great excuse to drink in a dysfunctional way with people who don't have alcohol problems... If you're at the stage where you suspect you have a problem and everyone around you shares that suspicion, then its stressful.
Monday saw the highest reading for the UK manufacturing PMI in two years, and it was the 3rd consecutive time that the sector had beat analyst's expectations. The crucial new orders component that tends to suggest whether demand will be continual, as opposed to stop/start, also rose to the highest level since February 2011.
So I use the term 'addict' to describe a certain type of person. Many object to this designation. For one, there is stigma attached to it. Practically everyone you know has been carried away at some point by some poison - exercise, love, sex, gambling, tobacco, coffee, food, booze, dope, work - some object that everyone is (or has been) an addict. Hence, according to some, the label is meaningless.