Reading the remarks of some economists today, I wonder whatever happened to professional reserve. Is is really useful to have melodrama such as this:

"You can't get much uglier than this. The economy has just collapsed, and has gone into a free fall," said Richard Yamarone, chief economist at Argus Research in New York.

"It's just a disaster," said Stephen Stanley, chief U.S. economist at RBS Greenwich in Greenwich, Conn.

As an Englishman, I'd like to point out the correct response is to tinge one's objectivity with understatement. Thus if one's leg gets taken off by shrapnel one should complain that 'it stings a bit' before estimating the time required to be fully mobile using the remaining one. That way we avoid spreading unnecessary panic.

They should pull themselves together.


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