Friday, 25 May 2018

Friday Review: Reasons to be fearful

By Nick Wood, Total Telecom
Friday 08 March 13

Mixed economic messages, threats from North Korea, and a wary outlook on Europe's telco sector means it could be time to head for the hills.

At times this week it has been impossible to know which way is up; right from left; Pepsi from Coca-Cola, and so on. After years of economic doom and gloom, the Dow Jones Industrial Average twice hit all-time highs this week, while on this side of the Atlantic, the European Central Bank revised down its eurozone growth forecasts for 2013 and held interest rates at 0.75%. One minute North Korean dictator Kim Jong-un was embracing retired basketball nutter Dennis Rodman and hanging out with the Harlem Globetrotters, the next he was tearing up the armistice with his southern neighbour and threatening the U.S. with pre-emptive nuclear strikes. Spring fleetingly arrived in the U.K., albeit for just one day, as temperatures in some areas of the country reached a balmy 17 degrees Celsius. However, a day later forecasters were warning us to prepare for the return of snow next week…

At times this week it has been impossible to know which way is up; right from left; Pepsi from Coca-Cola, and so on. After years of economic doom and gloom, the Dow Jones Industrial Average twice hit all-time highs this week, while on this side of the Atlantic, the European Central Bank revised down its eurozone growth forecasts for 2013 and held interest rates at 0.75%. One minute North Korean dictator Kim Jong-un was embracing retired basketball nutter Dennis Rodman and hanging out with the Harlem Globetrotters, the next he was tearing up the armistice with his southern neighbour and threatening the U.S. with pre-emptive nuclear strikes. Spring fleetingly arrived in the U.K., albeit for just one day, as temperatures in some areas of the country reached a balmy 17 degrees Celsius. However, a day later forecasters were warning us to prepare for the return of snow next week…

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