Thursday, Dec 28, 2006

Davis places bets both ways

BBC: Interesting times

This is the time of year when otherwise decent journalists write articles setting out their predictions for the twelve months coming...

Posted by harold @ 12:27 PM (547 views)
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6 Comments

1. bidin'matime said...

This is not a bad article - written for the general public, calculated not to frighten the horses, but (eventually..) getting to the point. The earthquake analogy is a good attempt, but it overlooks the fact that there is no connection between the likelihood of earthquakes and the present quality of life in San Francisco (as there is between the likelihood of economic downfall after the overspend of late). Not that it would make a lot of difference - I suspect that if seismologists were able to hide behind the sort of smoke-screens that economists do (when in their interests to do so), few would ever predict earthquakes.

Thursday, December 28, 2006 01:34PM Report Comment
 

2. autopilotengage said...

This is about as far as i've ever seen Evian, sorry Evan, stick out his neck. That's one thing which i think we've probably overlooked between us on this blog; the time it takes for the obvious to play out when there's so much brinksmanship involved in so many large economies around the world. Investor's can smell an ill wind quick enough though and retreat inside their shells.

Thursday, December 28, 2006 03:37PM Report Comment
 

3. paul said...

Evan Davies does not normally stick his neck out but he has always made more sense than most of the journalism graduates working in the BBC.

Thursday, December 28, 2006 09:54PM Report Comment
 

4. Tangara said...

I like very much this article.

Obviously, our markets are not pure & perfect :) ; it takes some time for the unbalances to build up enough strengh to come back to an equilibrium, like the earthcrust...

What's interesting, is that he's not denying that something is very wrong in this world...

Friday, December 29, 2006 08:07AM Report Comment
 

5. btloptingout said...

A clever article by Evan from someone who wants to remain a credible broadcaster for the forthcoming years......
He's basicly given a prediction for 2007 that will turn out to be right regardless of what happens.

If it turns out benign: "Well I did say it would be a business as usual year"
If the $hit hits: "Well I did warn of the dangers and as we can see xxx trigger initiated the underlying problems"

Friday, December 29, 2006 01:53PM Report Comment
 

6. Lvm Reader said...

This is definitely a BOHICA moment for those idiots who think that a mortgage is designed to help them.

B.O.H.I.C.A.- bend over, here it comes again.

http://www.urbandictionary.com/define.php?term=B.O.H.I.C.A

And never forget where the term MORTGAGE comes from, it means BOUND UNTIL DEATH (from the Latin)

Friday, December 29, 2006 07:10PM Report Comment
 

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