“The failure of economists to forecast recessions is virtually unblemished,” notes Prakash Loungani, assistant director at the International Monetary Fund (IMF). This includes the economists at the IM

In 1972, Yale Hirsch, author of the Stock Trader’s Almanac, devised the January Barometer, which states that as the S&P index goes in January, so goes the year. By 2005, the barometer had claimed a 90

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The leisure sector is but part of the gigantic services sector, which accounts for roughly 80% of UK GDP. The latter encompasses everything from professional services such as solicitors and accountant

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