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Confidence

Retail sales plunged again in February, dropping 8.8 percent in real terms compared to 2010 and marking the 34th consecutive month that they were in decline.This came after a poll in this newspaper that showed that around ten percent of the respondents had lost a job in the last year.What is lacking, more than anything else, is confidence. A person who is unsure if they are going to have a job is unlikely to buy a new shirt, let alone a car. Businesses that are uncertain about their sales will not hire. And the list goes on.It is no good Premier Paula Cox urging people to shop to lift the economy, as GeorgeW Bush did after the 9/11 attacks. But the Government and business leaders need to show the public that they have a vision of where Bermuda is going. The Bermuda First Report would be a good place to start.