March 19th, 2009

They want to believe

In a very refreshing release, Merrill Lynch today announced that investors “are at their most optimistic about the global economy since December 2005″, according a Survey of Fund Managers for this Month.

It continues: “For the first time in more than three years, investors do not predict lower global economic growth over the next 12 months. Renewed optimism about China’s economy lies at the heart of this revival. Just two months ago, a net 70 percent of respondents thought China’s economy would worsen in the year ahead. That figure fell to a net 1 percent this month.”

Their spokesperson said that this was evidence that investors “want to believe in an economic recovery”.  Now that’s the greenshootsblog.com spirit!