In Alan Kohler’s last weekend briefing, Kohler's Week: Yield, Dow 15,000, The Dollar, Budget Preview, he had a go at treasury forecasts. I think we need more of this. I would like to know who in Treasury comes up with these forecasts and how they get them so wrong. I really believe that I could do better with my calculator and a visit to the supermarket.
There are many opinions about the world economy and whether or not bubbles are appearing. It seems to me that the whole process is being manipulated by the same so-called “analysts” who got it wrong last time.