Friday, 22 October 2010

A refreshing frankness.


The Bank of England’s chief economist Spencer Dale talking overnight about economic conditions in his country:
There are factors of this recession that we have never seen before and we have no idea how they may play out. We must be prepared to change our views as circumstances change.”
And then, for good measure, he warned about listening to anyone who does believe they know what will happen: “I would disregard them.”
I hope that makes you feel confident that the world is in the very best of hands. But never fear, in Australia we have jovial Joe Hockey looking out for our interests.
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