As we try to make sense of economic conditions - now and in the future - there will be more than enough comments and advice from the pundits.
My only advice is that a high degree of scepticism is warranted. After all, these are the people who failed to see that a bubble existed and that it would burst - sooner rather than later.
These words from economist John Kenneth Galbraith are worth considering:
"The only function of economic forecasting is to make astrology look respectable."
Enough said!
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