Showing posts with label no science. Show all posts
Showing posts with label no science. Show all posts

Tuesday 21 December 2010

NUMBER CRUCHING.


      In times of economic turmoil, with all kinds of predictions from all sorts of pundits, the poor lay person has to turn to the experts for what is the true picture. Sadly economics is no science, in spite of all the economists telling you otherwise. It is a matter of you pays your money and you takes your pick. Turning to the various experts for what is on the cards for our so called “economic future” the figures are as varied as the the old school ties that spout them. Lets take that well informed and nose to the ground profit hungry bunch the Confederation of British Industry, (CBI) they have down graded their previous prediction for growth in the economy from a minuscule 0.3% to and even more miserable 0.2%, after all they should know. However another well informed bunch of experts come up with a different set of numbers, the British Chamber of Commerce lower their prediction, from 2.2% down to a modest 1.9% growth. So the experts say it is all down grading, but if you don't like those figures well just turn to another bunch of experts, the Office of Budget Responsibility. Now, if you're an optimist then these are the boys for you, their star gazing comes up with an increase in growth of 2.3% that's up from their previous prediction of 2.1%. So the future is rosy, or it is miserable, it depends on your chosen expert. What we can be sure of is the fact that what this millionaire cabal of public school thugs are implementing will mean real hardship for millions of ordinary folk and super bonuses for the millionaire club. Ah well, that's capitalism.