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Seeing the financial crisis through a crystal ball : Comments
By Richard Denniss, published 28/1/2009In the absence of a crystal ball the best strategy is to base spending decisions on what you can afford.
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We’ve thrown the accumulation of millions of years of fossil carbon into the atmosphere in the space of a century or two. On top of that we have rabbited on over that short period so that there are now not one, but 6.7 billion consumers out grazing on the environment at any one instant: all feeding like crazy with wool over their eyes, except for the poor devils that are starving.
If the gurus doing the economic forecasting de-mist the above certainties from their rear vision mirrors, their deliberations might make more sense