Word: predictioneer
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ITALY. The battle against inflation, which reached 12.5% last year, pushed the Italian economy into virtual stagnation. Carli, however, expects a rebound of 2.5% in G.N.P. this year, with inflation inching down to 11%. That prediction, though, hangs on wage negotiations now getting under way among the government, employers and...
If the past 20 years are any indication, Schodeck's prediction should come true.
U.S. officials pointed out last week that despite recent squabbles, notable advances have been made. Bilateral trade has spiraled from $95.9 million in 1972 to $4.3 billion in 1983. American tourists to China have grown in number from 10,000 in 1978 to 150,000 last year. Joint research projects...
Orwell's fear has not materialized because like nearly all predictions it has rested on flawed methodology. Prediction is usually no more than the projection of trends observable in the present onto the future in a straight and uninterrupted line. Therefore, the worse it is, the worse it will get...
The size of this pool and thus the power that the money managers wield have grown prodigiously. In 1950 pension funds held $17 billion. Today they are a $1 trillion treasure trove. By 1995 the total is expected to reach $3 trillion. Through these funds, some 60 million Americans own...