I F-£ing told you so would not be too strong a phrase. But I'm just as frightened as the aveage Wannabe. If I lose my job I'm screwed.
Some of you wannabe wouldn't want cautionary advice if it was plated in gold and sporting a propeller..
Well, if you're as clever as you claim to be maybe you should contain yourself to the parameters of the discussion: "Growing evidence that the upturn is upon us". If not, may I suggest you start another tread.
In keeping with my suggestion here is some relatively good news from the ECB via Bloomberg:
European Central Bank President Jean-Claude Trichet said price pressures have diminished and the inflation rate is likely to meet the ECB’s goal of about 2 per cent in the medium term.
“The economic outlook in the euro area has continued to weaken and inflation has declined further,” Mr Trichet said at a hearing in the European Parliament in Brussels today.
“We expect euro-area inflation to remain in line with our definition of price stability over the policy-relevant horizon.”
The European Commission this week forecast the euro-area economy will shrink 1.9 per cent this year. The inflation rate dropped to 1.6 per cent in December, the lowest in more than two years.
The ECB on January 15th cut the benchmark rate by half a percentage point to 2 per cent, matching a record low.
While “risks to economic growth remain on the downside,” Mr Trichet said slower inflation and looser fiscal and monetary policies should help the economy to stage a recovery in 2010.
“The euro area should benefit from broad and far-reaching policy measures reached over the past weeks,” he said.