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I agree, was mostly Dr Strangelove stuff. How I learnt to stop...

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vic_wattle

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19/08/19

12:24

Post #: 40038518
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Originally posted by MarsC ↑

I've kind of had enough of all this macro stuff - so wasn't going to comment on this. But, against my better judgement, sometimes I just can't help myself, so here goes.

We all know (or should know) that we need to be sceptical about economic forecasts - especially about what is impending (doom, boom, bust etc).

In my mind, we need to be doubly sceptical of those that speak in the language of "I'm worried about this, and I'm worried about this, and this, and this, and this" rather than in the language of "On the one hand this, but on the other hand this".

And triply when they they tell you that they have the insights because they've studied the data (implying that clearly no one else has).

And quadruply when they are trying to sell you something.

That hits some kind of jackpot - in my mind.

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I agree, was mostly Dr Strangelove stuff. How I learnt to stop worrying and love the bomb How good was Peter Sellers back in the day.
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