Friday, February 18, 2011

Quote of the day

From today's Economist:
Kevin Gardiner of Barclays Wealth, who coined the phrase “Celtic Tiger” in 1994, says that Celts have a nasty habit of extrapolating both good and bad times for ever (as a Welshman, he dares to make such generalisations). Just as the Irish suffered a bad bout of irrational exuberance in the boom years, they have now been overcome by excessive pessimism. Or, as Ms Enright puts it, “Ireland is a series of stories it tells itself. None of them are true.”

The rest of the article is an excellent read.

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