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There is a lesson here for all investors: despite a poor economic backdrop, stock markets can perform well.
He became prime minister in 1991, only to lose power three years later against a poor economic backdrop.
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But poor sentiment is weighing on markets as worries persist about the unstable economic backdrop.
So when it comes to 2010, King, Next boss Simon Wolfson and M&S's Sir Stuart Rose all warn "it's going to be tough".King said that while consumer sentiment was very poor in 2009, for many their worst fears had not materialised: "We don't see an improvement in the economic backdrop.
The nuclear talks start against the economic backdrop that nearly 60 years of Communism and Kim family rule have left North Korea rivaling Mongolia as Northeast Asia's poorest country.
"The economic backdrop is pretty reasonable.
"Despite a tough economic backdrop, we are making progress".
That is unfortunate, given the current economic backdrop.
Both countries are in poor economic shape.
Given the bleak economic backdrop, China's emergence as an election issue is no big surprise.
Greece may be reforming now, but against a bleak economic backdrop.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com