Veteran software analyst Rick Sherlund of Nomura Securities has a report out this morning with a rather gloomy, cautionary take on the enterprise software sector.

FORBES: Nomura Predicts Rough Patch For Big Software Names

Just about everyone was expecting a gloomy unemployment report from the Labor Department on Friday morning.

NPR: U.S. Jobless Rate Rises To 14-Year High 6.5 Percent

The morning of my cormorant trip, the weather was gray and gloomy, the air raw and slightly nippy, but this did little to dampen my enthusiasm.

WSJ: Cormorant Fishing in Yunnan Province, China

But as I discussed with Evan Davis on the Today programme this morning, if you take a longer term view, the gloomy comparison with France and Germany is more nuanced.

BBC: Eurozone growth: Comparing the UK with Europe