When it comes to adjusting existing financial arrangements or making new investment decisions, a little prescience can be a precious thing. The problem is, its hard enough getting a trustworthy snapshot of things as they are, let alone some film footage from tomorrow. In truth, most models exist to massage reality rather than foretell it, and to give people numerical authority for what intuition or experience are already telling them.
Forecasting finance: The benefits of attempting the impossible
Posted by Steve Roth in Strategy & Planning, Management & Execution, Risk & Regs on Fri, 12/10/2007 - 10:46
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The Bottom Line: Britain still great for business
Political strategy needed to show that Britain is still great for business, says Richard Thomas
"Out of one side of his mouth, Gordon Brown is saying he will make Britain an attractive place to invest, but out of the other he is clobbering higher earners with 50%, which sends out the opposite message.