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Quarterly Newsletter - Winter 2009/10

Here we are, at the beginning of a new year and, as conventional wisdom would have it, at the beginning of a new decade, signifying the end of the “noughties”.  “Noughties” is a rather peculiar term, to put it mildly.  It does seems a bit odd, in truth, that we appear not to be too sure when a decade actually starts or finishes.

Whether we are at the end of the decade or merely 9/10 through it does not really matter.  What does matter, however, is where we find ourselves in terms of economic recession or recovery.