With the credibility of European and US politicians understandably called into question by their handling of recent events and young people taking to the streets (from Tunis to Tel Aviv) to express their frustration with their political leaders, the politicians cannot be enjoying their summer holidays too much and the papers and media are doing nothing to improve public optimism or market sentiment.
Many of us in this industry remember Gary Ralfe with particular warmth and affection and for his easy charm and natural eloquence. A remark he often made, which has certainly stayed with me and I’m sure many others, is that things are never quite as good or as bad as they appear to be. Perhaps we should keep this in mind as we enjoy our holidays.
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