Maybe the Sky Isn’t Falling

In a recent newsletter of a business friend of mine, he drew an interesting analogy between weather forecasts and economic predictions.  Because of dire predictions of a big winter storm, he opted out of a meeting he really wanted to attend, only to find that by the time the meeting started, the storm had passed, accompanied by much less snow and ice than was predicted.  Weather forecasts, similar to economic forecasts, are basically educated guesses about the future.  Maybe the lesson here, as my friend opines, is that if you hunker down too far, you suffer just as much as if the “storm” had hit, even if it didn’t.