As we wrote in our blog yesterday, it is easy to get drawn into a pessimistic view of econmomic events when news and events are less than positive (nothing sells like bad news…). It was interesting therefore to read an article in The Times by Anatole Kaletsky on Monday about events at Davos.

Whilst unbridled exuberanace and a less than cautious approach to risk clearly wasn’t the right response (with hindsight) to events in the lead up to the current crisis, equally pessimism, caution and negativity isn’t the appropriate response to current events. Things are tough, things may well get worse before they get better but they will get better. To read the full article please click here.