Atilla
Why anyone listens to ANYTHING a central banker says is beyond me as collectivly they have been so wrong with ALL their forecasts for the last 2 years.
Case in point is the US stimulus, remember when it just $700billion was needed? But how much has been paid out, $10trillion+ maybe a lot more.
Give it another 3-4 months and again most, if not all of the central bankers will come out with the same crap, ie
'It looks (the economy) more serious than we had forecast'
But they said that this time last year and at the end of last year and in March and just recently.
PS. I don't actually think they're that stupid but they have to keep talking things up for many many reasons and if I was in their shoes I'd probably do the same, otherwise I'd probably be forced out.
Why anyone listens to ANYTHING a central banker says is beyond me as collectivly they have been so wrong with ALL their forecasts for the last 2 years.
Case in point is the US stimulus, remember when it just $700billion was needed? But how much has been paid out, $10trillion+ maybe a lot more.
Give it another 3-4 months and again most, if not all of the central bankers will come out with the same crap, ie
'It looks (the economy) more serious than we had forecast'
But they said that this time last year and at the end of last year and in March and just recently.
PS. I don't actually think they're that stupid but they have to keep talking things up for many many reasons and if I was in their shoes I'd probably do the same, otherwise I'd probably be forced out.