Let Abby put that to an election test and we’ll see.

So let me rephrase it, one more time : to criticize something doesn’t IMPLY that you have a solution, that you have a proposition to make.

Eventually, I’m not a politician. And I’m certainly not a guru.

Okay ?

But to try to discard my right to criticize because I don’t make propositions is just very cheap rethoric. And believe me I’m totally immune to such trick.

Don’t try to Socratese me. It can’t work. I’m talking facts, on the ground, you are talking “balance” and “lack of solutions”, it’s a very common (and again so cheap) evasion technique.

I’m talking about credit, facts and figures, so if you want to argue, stay on the same level.

Now to answer you : I don’t make projections on rear view data. It’s not because credit growth was slowing last month that it will continue to slow the next month.

I’m a fan of the Black Swan from Taleb. So you won’t find such mistake on my blog.

If you understand that way it shows that you understand nothing. Credit growth is going to go red BECAUSE of many factors, past, current and future, all linked together. I don’t want to repeat my self, but let’s go another time :

Banks are going (note : the future) to lend less. Not because they lent less yesterday, but because tomorrow more companies will default, more people will lose their job, less taxes will be collected, because the crisis is going to deepen etc. etc. etc. And because eventually, IT MAKES NO SENSE TO LEND MONEY TO INCREASE CAPACITIES DURING A RECESSION.

Would you dare to say that I’m wrong on this very simple truth ? Make my day.

You want to take a credit to build a new factory, a new office bulding now ? Go for it. Good luck.

And to continue my answer : NO I DON’T HAVE ANY SOLUTIONS.

It’s not my job.

But what I do know is that the current policies won’t solve the crisis.