That's the headline of a WSJ article about the views of Christian Noyer, a member of the governing council of the European Central Bank. The WSJ also has an article today about how the Fed is now painting a gloomier picture of the future. It looks as though the economists were once again surprised by bad news.
However entertaining it might be to hear the expressions of surprise about the state of the economy from prominent economists, it might be useful if reporters would occasionally seek out the views of economists who are not continually surprised by the economy.
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