Thursday 11 June 2009

Green shoots? Dig deeper into the yield curve

Whew! Anyone who has read this column in recent weeks will recall the scepticism, yea, the alarm and scorn, in which it holds talk of so-called “green shoots” of recovery.

It’s not that this column is a paean to the global recession, nor that it is written by some misanthrope who delights in misfortune, some miserable curmudgeon who kicks small animals and abhors human happiness.

On the contrary, my idea of acting out is to yield to pedestrians and drive the speed limit in my rented SUV. Courtesy is contagious, I am confident, even if resistance remains high.

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