David’s discrepancy

In a famous appearance at the Chamber of Commerce in November David Oddson claimed that he had foreseen the whole shebangs in the economy but no one had listened. Hallgrimur Thorsteinsson quotes David as reading doomsday predictions at the meeting in November from a report the Central bank had made after a visit to London in February. 

But he wonders how the same David could utter the following in a speech at the Central Bank’s annual meeting three weeks after the trip to London. 

“The Icelandic banking system and economic matters stand on solid ground though currently faced with tough winds. Systematic abolition of restrictions in commerce in the last fifteen years or so, privatization, systematic tax-reductions and the globalisation of Icelandic business has brought us enormous profits and laid the foundations for a new upturn in the coming years. We will without hesitation continue on the same pathe when we have worked our way out of the temporary difficulties we are facing now. “


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