Thursday, March 11, 2010

FLG, Still Reporting Today's News Yesterday

Remember last month when FLG laughed about politicians, and in particular Greeks right now, blaming speculators for their fiscal problems? Well, Buttonwood addresses that today. He was the latest in slew of posts on this topic, including one by Megan McArdle.

Then, on a different topic, David Ignatius writes:
The problem with these straight-line extrapolations [of Chinese economic growth] is that they are notoriously unreliable in predicting the future. Recall the forecasts about the Soviet Union in the 1960s or Japan in 1990.

FLG has been making this point for years.

Anyway, FLG isn't particularly smart and doesn't do this stuff for a living. Therefore, he finds it disheartening that he is so far ahead of the curve on so many of these things so often. Pundits, please do try to keep up in the future.

1 comment:

Withywindle said...

My dad, bless him, told me when I was learning the names of countries many a decade ago, that he wasn't bothering to learn "Zaire," because it would change back to the Congo when the dictator got tossed. Right he was.

I find this vaguely relevant, probably mistakenly.

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