Tag Archives: Global Business Travel : Another Symptom Of Neoliberal Madness

John Ward – Global Business Travel : Another Symptom Of Neoliberal Madness – 9 August 2014

JohnWGlobal business activity picked up last month at its fastest pace since early 2011 as “sustained strengthening in the service industry offset a mild deceleration in factory output. The July manufacturing and service sector PMI surveys signal a robust start to the second half of the year,” J.P.Morgan big cheese Joseph Lupton told Reuters four days ago. They do nothing of the kind of course (the Markit survey measures expectation, not reality) and – looking at the disastrous German export figures – it would seem that the Wishful Unthinking Tendency was in sixth gear among Markit’s respondents.
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