[email protected]: Vince Cable doesn’t know when the economy will recover

Our Vince penned a piece for the Daily Mail yesterday with the  delicious title “The economy is now sitting up and showing signs of recovery

In it, Vince made the startling admission that he is not, in fact, an all-seeing mage with black powers over the future of the economy:

I am often asked to play the part of Nostradamus. Since I had been a reasonably successful prophet of doom, I am now assumed to know when the economy will turn round. I don’t. No one knows.

It does seem likely, however, that a major disaster has been averted. We are no longer in a downward spiral of falling production, falling wages, falling prices and Thirties-style dole queues. Armageddon didn’t happen.

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4 Comments

  • Tom Papworth 11th Aug '09 - 12:25pm

    “I am now assumed to know when the economy will turn round. I don’t. No one knows.”

    If only politicians were always so honest.

    If only economists were always so honest. But I presume we’ll continue to receive growth forecasts for two years ahead to one decimal place.

    Sigh.

  • Martin Land 11th Aug '09 - 1:28pm

    35 years ago at University my Professor told me that if you laid all the economists in the world end-to-end, they wouldn’t reach a conclusion. Nothing I’ve seen in the last thirty years would make me disbelieve him.

  • Libdem Guru 11th Aug '09 - 1:45pm

    If they spent as much time marketing Vince Cable instead of his book….the Libdems would be in a far better state.

  • @Guru
    Sounds like you want a Job.
    Are you actually a Libdem though?

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