Wednesday, 16 May 2012
Lets all Play Pretend
Merve the Swerve was in cheery mood this morning presenting the Bank's quarterly inflation report. I quote :-
"We have been through a big global financial crisis, the biggest downturn in world output since the 1930s, the biggest banking crisis in this country's history, the biggest fiscal deficit in our peacetime history, and our biggest trading partner, the euro area, is tearing itself apart without any obvious solution.
"The idea that we could reasonably hope to sail serenely through this with growth close to the long-run average and inflation at 2% strikes me as wholly unrealistic,"
His opinion may be highly accurate but don’t you just wish he would shut up ?
How he's still in a job is beyond me.
I could write at length about the current crisis and the complete and utter failure of the political leaders around the world to get a grip. But that would just add to the negative outlook mantra.
We are not going to improve anything if everyday we predict financial Armageddon.
In reality, the only way small and medium business survive is by pretending its not going on. Its mad I know but if you actually took on board the dire predictions you would give up now.
To improve the quality of all our lives we have to create an augmented reality of long lost normality ( whatever that was ).
How farcical is that ?