Inching our way in Spring
With investor confidence receding with the tide of mañana, it’ll be several years before we can re-establish such confidence, “as we know it”. To recover from a heavy flu especially one that is self-inflicted with the virus of mañana isn’t a guarantee that you can stand up or take your first confident away from your bed.
You’d probably slip out of bed, slowly. Then there’s the dizzy spell from lying down too long. Your once supple muscles may have turned into very soft tissues. A slow walk out of your bedroom could be a painful one. After a while on the lounge chair, you long to return to your bed for some more restful moments.
Recovery in economic parlance involves a long process that is riddled with ifs, ands, and in-betweens. It is such an imperfect science that relies heavily on hard data and past experiences. In other words, our condition today emerged from yesterday’s decisions and indecisions (which ever came first). It is for this reason that I feel leary about what’s ahead for these isles. How do we go about resolving the rather reluctant crisis?
