Almost every week, if not every day, you see in the papers some expert making predictions about the economy in the future - property boom, property bubble, property bust, recession, market crash, China slow down, Euro collapse etc. We are told a lot of these experts are credible because they predicted x event in the past.
It's always interesting to read these articles, but I often wonder if there is an ulterior motive for them to make such predictions? Are they trying to cause a crash? Are they making an argument for a particular scenario in the hopes of affecting the market? Or are they genuinely worried about our wellbeing and giving us a heads up on the future?
It's always interesting to read these articles, but I often wonder if there is an ulterior motive for them to make such predictions? Are they trying to cause a crash? Are they making an argument for a particular scenario in the hopes of affecting the market? Or are they genuinely worried about our wellbeing and giving us a heads up on the future?
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