There are lies…

OK, I’ll admit that even I’ve got bored of using this quote, attributed by Mark Twain to the 19th century British politician Benjamin Disraeli. But I’ve yet to find a better one to explain the sometimes embellished figures sent out by many participants in the financial markets to try to stress how successful their businesses are.

Lies, damned lies and statistics

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Lies, damned lies and statistics

Perhaps the spin doctors responsible have in their heads another Disraeli quotation: “Man, my Lord, is born to believe.”

Anyway, enough of all that highbrow historical nonsense and on with the column. This week, I have to confess, I was starting to get a bit nervous. There was, it seemed, a real shortage of buzz, perhaps because everyone in the market is busy focusing on making their year’s budget before the end of January.

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