I caught a glimpse of Ben Bernanke on TV the other day, trying his best to be bullish about the economy - in his usual, measured way.
The gist of his message seemed to be: "if" the wheels don't come off anything else now, and "if" the stimulus package takes hold, then we "might" see the beginnings of an upturn by the end of year.
Hemmed around with all of those qualifications, it didn't seem like a very encouraging speech at all. And, to my mind, he didn't look or sound as if he believed a word of it anyway.
But then, of course, I am firmly on the side of the doomsayers about this one. Away with your sham optimism, Mr B!
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