I now know what's meant by the "real economy". It's our clients. Clients like Lloyd Richards of LPR Mortgage Services. Standard bearer for the forward thinking, the flexible and the fearless. While the high rollers were short selling, pilfering and fliching en masse, the Lloyds of this world have been planning, innovative and brave. Not for them the frippery of the corporate world and the feckless modus operandi exhibited by our High St banks. The economy may spasm and convulse as shares freefall, but the real economy becomes prodigious and resolute in the face of a downturn.
A recession may be two consecutive periods of negative growth, but the real economy stands in the defiance of such tyranny. Besides, there's no point in being negative.
