Tullett Prebon chief says economy is a “mega disaster”

Terry Smith of Tullett Prebon, one of the city’s leading financiers, has called into question the grounds for the recent rally in equities, saying it is likely to be “soaked up” by a flood of new share issues, while the real economy is a “mega disaster” I’ll go along with that.

Tulletts, ahhh the memories of long pissy broker lunches come flooding back. Happy Dayz.