You Can't Coach That

A financial crystal ball

Why do I think of banks and other large financial institutions when look at this picture?

Can we draw a parallel between an economist and a fortune teller? Shouldn’t the geniuses running these financial institutions have some ability to read economic indicators and adjust their decisions accordingly when tough financial times are on the horizon? It would appear that they are no better than a cheap fortune teller if the increasing level of bad debts and corporate collapses are anything to go by.

“You can’t coach that”