The Mudcat Café TM
Thread #167208   Message #4034518
Posted By: Mr Red
16-Feb-20 - 04:57 AM
Thread Name: BS: New rules for the coming pandemic
Subject: RE: BS: New rules for the coming pandemic
China export shortages begin this week

The pundits are predicting the pandemic will impact world economy. It was being predicted because the growth of the Chinese economy was slowing anyway, and Trump was meddling, and......, and....... But the pundits never saw this coming!

An example of why predicting the future on historical data, when it gets it wrong, will get it wrong in a bigger way.

I saw a TED.com video that reckoned the 2008 recession was made infinitely worse by Government meddling. A rule that was repealed within a year & saw recovery following.