Week Ending: Smith’s skip theory; ‘Baggs the brand’

ECONOMISTS are well known for their love of statistics, graphs, flow charts, pie charts and the like.

So it was great to hear a more basic theory of where we are in the economy from David Smith, the respected economics editor of the Sunday Times in Liverpool on Thursday evening.

He said: "When I look at my street if I see no skips, then we are in a mess, if there are two skips and people are renovating their homes, then we are on trend and growing OK.

"If it's four or five, then it's an unsustainable bubble and we... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...