Posts Tagged ‘cognitive dissonance’

The good news: confidence is just around the corner

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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.