So the chancellor has given his budget and as usual the opposition do not agree with his forecast, but whats new about that, it happens at every budget, no matter which party is in power. But the annoying part is all the so called economic and financial experts and pundits who suddenly appear on our screens giving their predictions and speculating about who is right or wrong, when the bottom line is that none of them truly know what is going to happen over the next year or even over the next week, and at the end of the day one or two of these experts may be correct but no body knows till they are proved right by world circumstances. Which of these economic or financial expert predicted the devastating earthquakes in in New Zealand and Japan or the even worse devistation from the Tsunami. Flood and fires in other areas of the globe over the past twelve months were not predicte. Then we have the unrest in Tunisia, Egypt and Libya that is spreading to other areas of the Middle East and these are areas of the world that are monitared by the CIA and other intelligence organisations yet this upsurge in these countries now demanding free elections overthrowing dictators that have ruled them for in some cases for nearly half a century as they demand democracy. All these things are occuring in far off areas of the globe. They may not have in some cases have been predictable, but these happenings affects what goes on in the financial markets here and around the globe. The bottom line is that when these economic and financial advisers make predictions or recommendations they have as very little knowledge than the average man in the street. Perhaps these experts would be more accurate if they used a ouija board.
No comments:
Post a Comment