It seems the U.K. economy has just about started to come out of a long recession. At least that is what the growth in the GDP of 1 percent for the quarter to September suggests. The news came amidst some not so heartening news, of the closure of the Transit Vans division of Fords and a parts manufacturing plant in Dagenham, sore news for 4,000 plus employees of the giant automakers.
But the good news is that the U.K. is out of a recession, thanks in great part to the visitors to the London Olympics recently and the crowds who celebrated the Queen's Diamond Jubilee. During the Olympics, some people were working 60 hours a week and earning good money, such a week is a good training for aspiring millionaires.
The American and European markets have see-sawed and hee-hawed recently, but I detect them now getting positive for the close of the week tomorrow. There is just a feeling that everything will be okay, and improvements will happen. By grace of God, that's how it should be.