To Paraphrase Dickens, we seem to be living in the best of times, and in the worst of times!
On the one hand, there is undiluted exultation among growth enthusiasts. Low tax rates, 9% growth, high savings, declining deficits – all seem to be promising. “If only we pursue the reform agenda, particularly in pension, insurance, and labour sectors, things will only get better”, claim market fundamentalists.