The Experts In Prediction

    The European Commission, The European Central Bank and the International Monetary Fund, known as the Troika, have been brokering Greek bailout loans since 2008. Part of the basis for these loans has been the belief that the turnaround in the Greek economy was just around the corner. This is illustrated in the graph above. The Ooops lines are the differences between prediction and actuality. The international bankers are among the highest-paid and highest-living government employees in the world, yet they cannot predict. Hmm.

    I’m sure the later projections have been just as Ooops or, perhaps, they’ve done the smart thing and recognized their own lack of ability, but that would destroy their illusion of knowledge.


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