Monday, June 25, 2007

Purchasing Power: Perception and Reality


The French believe that their purchasing power has declined, whereas in fact, according to INSEE, it is increasing at an accelerating rate: +1.7% in 2005, +2.3% in 2006. Here is yet another sign that Sarkozy is likely to reap the benefits of a favorable economic conjuncture. As perception catches up with reality, the credit will go to the energumen who seems to cause the evil tide to recede, rather than to the moon and the rotation of the earth, at least among the infidels who deny that fate resides in the alignment of celestial bodies.

1 comment:

Anonymous said...

^^ nice blog!! ^@^

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