Life_goes_on wrote on Jun 23
rd, 2011 at 8:24pm:
Too much random sh!t happens for anybody to accurately predict the future as far as politics and the economy go.
You might have a reasonable success rate when it comes to short term predictions, but once you start adding the years to your prediction range you have eff all chance of being any more accurate than pure chance.
I agree there is a lot of random chance involved!
However, the chances of correctly predicting events actually increases, along with numbers & time.
In other words, the chances of correctly predicting the reactions of one or a few people, over a short period of time, is pretty much hit & miss.
However, with a greater the number of people and a longer the period of time, the chances of correct predictions is actually better, providing you correctly assess the likely trend & changing variables and you are not saddled with pre-existing fixations.
An example of time versus timing, is the current GFC!
Given the random possibilities of Politics, Economics & the Physical environment, it may be that some of the effects of the major factors involved, could mask &/or hide what is happening, on a tempoary basis.
However, over the medium to longer term, no matter what the Politicians or Economists try, they can not repair that which has been totally destroyed and the GFC will again come back, more destructive than before.
And that, is why I have repeatedly said, that the GFC will be obvious to almost all, by the end of 2012, because that should leave sufficient time for the Politicians to run out of their "fixes" and "other tricks".