It infects every boardroom across the world. Big business requires decent forecasting, yet time and again it seems they are deprived of what they desperately need. Instead, even after this last decade, the world's largest companies continue to be surprised by weakness that is far more prevalent than strength.
It has been the one constant. Central bankers declare their policies successful, ignoring mountains of market-based contradictory evidence in doing so, and then adjust their economic baselines based on this subjective, highly contentious assumption. The worst of it actually takes place when the global economy manages