The Dark Arts

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The following is a quote from Will Buckingham, writer and philosopher, that may help us better understand the the real value of economic forecasting. Prediction, foresight, or timing are difficult, if not impossible. Their attraction is a great temptation. A better approach is to  observe carefully and react quickly to the trends that naturally occur.

The complex science that in ancient China was known as shuxue 數學 — a term that, when applied to the numerological speculation that surrounds the I Ching, is only inadequately translated as “mathematics” — is no less abstruse than that most divinatory of practices, economics. Indeed, if one wanted to seek out the contemporary equivalents of those ancient diviners, they would be found not amongst the religious, nor amid those strange, otherworldly figures who spend their days enveloped by incense clouds, but instead amongst those other mystics who, schooled in economics and the dark arts of finance, are passionately convinced that in the manipulation of number there might lie the secret of our future destiny.
— http://willbuckingham.com/the-dark-arts/