Towards FTSE 12,000?

In 2008, right after Lehman Brothers went bust, Phil Anderson wrote a cover story for MoneyWeek.

Looking back at that issue (number 405, if you want to look it up), our news section was reporting that the world’s central banks had slashed interest rates by 0.5%, in a co-ordinated move to stem the panic, while the personal finance page was all about the demise of Icelandic internet bank Icesave. A bit of a scary time for investors, all told.

But Phil took the long view. He acknowledged that we were in a grim situation, and [...]

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