Economists at Capital Economics and Goldman Sachs have also now said they think the OBR is being too pessimistic about our long-term potential, though when it comes to the immediate forecasts (actual growth, as opposed to potential) they think the OBR may not be gloomy enough.

BBC: Bad news for Labour in OBR

Conversely, it has taken the EU too long to accept standard IMF practice: when a country is bust its debt must be restructured.

ECONOMIST: Charlemagne

Certainly, if your long position is too large to let you sleep at night, reducing it when prices are rising is a good idea.

FORBES: GLD and SLV: When and Where to Buy