Even wishful thinkers admit there is no chance of UN troops being sent into Gaza to keep the peace.
So equity prices have already reversed more than half of their most recent bear market rally as the lousy macro news has finally shocked the wishful thinkers.
But our discourse is being badly distorted by ideologues and wishful thinkers - boring, cruel romantics - pretending to be technocrats. And it's time to puncture their pretensions.
