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“Nobody could see it coming,” schadenfreude edition

Friday, 14 November 2008 14:08 Last Updated on Friday, 14 November 2008 14:08 Written by Eric Garland 0 Comments

One of the most outrageous things I heard about this current financial crisis was that “Nobody could see it coming.” Early warning was written all over this systemic collapse – and people actively made fun of this view.

Watch this video of economist Peter Schiff and the ridicule he must endure for accurately predicting the systemic weaknesses in the economy.

Think about this kind of dynamic the next time you need to spread news of a systemic disruption in your organization.

Tags:  early warning, Economics, financial, financial meltdown, Paul Revere, psychology, recession, ridicule, savings rate
This entry was posted on Friday, November 14th, 2008 at 2:08 pm and is filed under Analytical techniques, Economics, finance, Futurism, Management, Management ideas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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This is the official trend blog of Competitive Futures, a management consultancy that provides trend research and analysis for business and government around the world. Here, we update you on interesting trends we see as part of our work for our clients.


For managing partner Eric Garland's new author and speaker blog, please consult and bookmark http://www.ericgarland.co

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