My daily routine includes having Bloomberg as background noise from EU markets opening till US markets opening, and sometimes US markets close too.

Over the last year or so, I've seen renowned economists, bankers, investors, fund managers and policy makers making wrong calls that aged like milk in a matter of days or weeks. Very few guests have been systematically making the right calls, the rest have been changing their tune to whatever is today's dominant narrative on Wall St.

It's not only that the hull of the ship has holes, but also that the crew is nothing more than a bunch of monkeys blindly throwing darts in the dark.

#macroeconomy #reflections