I have been asked to summarise briefly my views on the Business & Financial Outlook for the year
Having got as far as September it looks now that we are in for a year which will be known as 2008
I am not sure that the whole financial & business structure on which our system is founded is not silly, with its billions of barrels & billions of derivatives & nothing to show for it
That is adapted from Robert Benchley in 1931 – 2 years after the Wall Street crash
Erica Wagner exhorts us now to read The Great Crash by JK Galbraith with ‘an eerie sense of déjà vu’
For some of us, it is a case of déjà lu
