Values more likely to rise, contrary to warnings

Posted on 9/04/2009  

THE only function of economic forecasting, economist J.K Galbraith said, is to make astrology look respectable.
Right now in Australia, astrology is looking very respectable indeed as a gaggle of publicity-hungry economists predict dire outcomes which are later contradicted by actual events.

From Terry Ryder's Hotspotting Column published in the Prime Space section of The Australian.
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