The idea of absolute return investing generates an enormous amount of hot air and vitriolic debate for what is a relatively small amount of money.
It is hard not to feel ever so slightly sorry for the pointy heads over at the Bank of England as they contemplate what to do next about the various quantitative easing programmes, including the Funding for Lending scheme.
No-one likes a party pooper, but could someone please explain to this bemused contrarian why equity investors have suddenly become so optimistic?