I remember the time, not many years ago, when they told us there would not be a recession.

Then they told us there would be a recession but it would be mild and short.

Then they said we were in recession but we’d soon bounce out of it.

Then they told us the recession was deeper than they expected.

Then they told us the recession would be longer than they expected.

Then they said the recovery would be slower than expected.

And then they told us the recovery would be weaker than expected, and then they told us we’d avoid a double-dip recession, and now here we are.

My conclusion is that those charged with stewardship of the economy and mainstream media commentators are pretty clueless.

This cluelessness has a fine pedigree: safety in numbers.

This is not cluelessness of those that know they are clueless. This is clueless-ness of the most dangerous kind: of those that genuinely believe they have clue aplenty.

Genuine and honest cluelessness can be quite endearing; but cluelessness robed in false doctrine can do a great deal of damage.

Kevin, Colne (via website).