“STOCKS SHRUG OFF GROWTH CONCERNS” (October 1, 2012)
Thus the Financial Times today. “Investors start fourth quarter in bullish mood,” exclaims the newspaper. My heart immediately goes to Jacques Attali, though. The poor champion of growth in France and across Europe must now be confused by the stockmarkets. Growth, what growth? The way things are going, it seems to be a mere pipedream. The trick is to make money in a stagnating economy, or even in a shrinking one. The heartless investors have abandoned Attali and others like him. But his ardent craving for growth was most endearing while it lasted. And he will thus be remembered for a long time for his boundless courage in face of stubborn adversity.