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Fri 01 Jan 2009When the crystal-ball gazers learned to eat ground glass
'THERE'S SOMETHING about a new year that brings out the prognosticator in people. The question is, who do you believe? The media pundit? The analyst? The newsletter writer? Answer: none of them."
The above lines were penned by this writer a year ago, the conclusion being derived from detailed academic research that showed the experts are, well, pretty hopeless when it comes to forecasting. 2008 confirmed that thesis, the year being a disaster for crystal-ball gazers.
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