Sunday, March 21, 2010

Astrologers and economists

I read in an American newspaper some two weeks ago that the Securities and Exchange Commission (SEC) of the United States had found that the economic predictions of a gentleman with psychic powers “weren’t particularly accurate”. The gentleman, apparently trained by Nepalese monks in the art of time travel, had (according to the report) predicted that the Dow Jones industrial average would rise between April and June 2002, when in fact, according to the SEC, it had fallen.

Well, did the highly paid economists do any better?

According to a BBC World Service report broadcast some two years ago, many in India seek the advice of astrologers in money matters.

They could do worse.

They could seek the advice of economists.

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