This example highlights the difficulty of extrapolating from a single month or quarter of data yet the comparison of the data that this article makes is that o

This example highlights the difficulty of extrapolating from a single month or quarter of data yet the comparison of the data that this article makes is that of this period with a historical period. I think the author misses the context, the fact that we have been and perhaps still are in a recession. To compare the now with the booming years of say 2005 we all know that there has been a decrees. Being in a recession, the comparison with say last year or last quarter makes total sense, not to be used as optimism but realistically to see the trend. The FT says we have bottomed out, I only wonder if we have learned the lessons, or whether this cycle of boom and doom will continue as always.