Sunday, 11 September 2011
World economy outlook: "Avoid the siren songs of false precision"
"The only realistic prediction that can be made about the next few months is that events will be unpredictable. .. Let us confess that the situation globally and in Europe is unprecedented and thus intrinsically unpredictable; predictions based on the past or models plucked from the ether may prove to be not just inaccurate, but disastrously misleading to all those who put store in them. .. In other words, let us speak in praise of flexibility, and avoid the siren songs of false precision and certitude".