The Cameroons should take heart from Anatole Kaletsky’s condemnation of their approach to economics. Kaletsky’s heyday is long past as Mister-E-Man notes on Nick Robinson’s blog -

The same Anatole Kaletsky who in January of this year, in his Times article “Goodbye to all that: the worst is over for the global credit crunch“, predicted that…

…conditions are not nearly as bad as the headlines and market pundits suggest. In Britain, there seems to be almost no chance of economic and financial disasters comparable to those suffered from 1990 to 1992. …I believe that the global credit crisis, far from taking a turn for the worse, is now almost over…. There will be no US recession. …Stock markets around the world will rise in 2008.

Shock horror – Cameron must be devastated not to have this prophetic economic genius on-board…

Anatole Kaletsky is long and very wrong.