"Markets are irrational and short sighted and the problem is that Labour gave the impression that they didn't think there was a problem when tens of thousands of CFA's and PHDs the world over (and Ed Balls' own brother) are looking at our balance sheet and saying..... NO!!! Contagion is like the flu, do you avoid the flu by calculating the minimal distance to stand away from someone with it and hoping that your model is correct or do you walk into a different room completely? "
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