Saturday, Jun 21, 2008
Which advice to take, head or tails?
What investment: The Money Doctor
What’s the difference between guesswork and forecasting? Consider the following range of recent ‘forecasts’ and tell me, because I’m not sure: ‘A correction of approximately one-third in house prices could be on the cards in the next two or three years’ (MPC member); ‘Price of homes will drop by 10 per cent’ (Lloyds TSB); or:
‘Citi chairman joins bulls by predicting end to meltdown’ (Citigroup); ‘We are on the cusp of an equity meltdown that will slash and shred portfolios like Freddie Krueger’ (Soc Gen).
Posted by housebear @ 12:53 PM (230 views) Add Comment
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