Economic gurus: I told you so….

When everything was going well, the best and the wisest economists were predicting more growth and a continuous bull market. Whether it is in the UK, Japan, US or Dubai. Suddenly, everyone is saying otherwise, using the famous statement, “I told you so”, meaning that they’ve warned against the crisis, but no one was listening. 

The truth of the matter is that no one knows anything concrete. No one can predict the future. That is why every time people (and economists) think it is over, the crisis only shows more depth and further issues. Have we reached the bottom yet? A worthy question that no one knows the answer to. The best you can do in such a time is do what you think is best to defend or keep whatever savings and investments you’ve made hoping that your ‘bet’ will pay off. 

We talk about gambling being a bad habit. Guess investments and stocks are equally so.

~ by rafickd1 on December 7, 2008.