Posts Tagged ‘cognitive dissonance’

The good news: confidence is just around the corner

By Kevin O’Rourke

Friday, February 22nd, 2013

You might have thought that the disastrous but wholly unsurprising eurozone GDP numbers indicate that the bloc is in a bad way, and will continue to be so until the current macroeconomic policy mix is jettisoned.

Happily, Olli “Don’t mention the multiplier” Rehn has good news for us:

The current situation can be summarised like this: we have disappointing hard data from the end of last year, some more encouraging soft data in the recent past and growing investor confidence in the future.

Thank goodness for that.