The Economist and the Financial Times have come up with a joint quarterly survey of about one-thousand and five-hundred business executives around the world concerning global business confidence. They call it the Global Business Barometer. The answers range from “much better” to “improving” to “no change” to “worsening” to “much worse.” In terms of values, “much better” is at fifty, “no change” is at zero, and “much worse” is at minus fifty. The GBB value for the third quarter of this year is at eighteen percent. It was at thirty-two percent the previous quarter and at forty-two percent the one preceding it. According to the two newspapers, the last drop of fourteen percent is surely worrying but the outlook is still pretty good. In other words, the global business confidence is worsening, but it is still in the range indicating overall improvement. As far as I am concerned, the most recent drop only shows that GBB is pure rubbish. At this juncture, it should be at minus twenty percent at the highest. And it should be heading for about minus thirty percent the next quarter. The vaunted one-thousand and five-hundred business executives behind the survey are laughable at best.