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Sep 30, 2005

Profit prophets

It's easy to make accurate predictions with hindsight.

There are certain disciplines – theology, forensic pathology, seismology and meteorology spring to mind – that have wonderfully omniscient practitioners. In retrospect, that is. They can usually explain just why the thunderbolt hit this blasphemer and not that one, why the seemingly healthy politician keeled over stone dead, and how the tsunami hit this shore and not that one – after the fact. Head of the pack among this tribe of expostfactologists are, of course, economists

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