Thursday, October 8, 2009
Once again, The ShadowLands' Reverse Retard Index (RRI)™ has accurately forecast Australia's economic future.
In July, our economics correspondent John Butler, confidently asserted that Australia's economic recovery would be a piece of cake. Mr Butler simply looked at assertions by the Prime Minister that Australia's economy was in for a bumpy ride and applied the RRI™.
Now the latest unemployment figures are in and the RRI™ is right again.
In fact, all of Butler's predictions from October 2008, including his radical prediction that unemployment would not exceed 7 per cent, are holding up. Compare and contrast the success of the RRI™ with Goldman Sachs JBWere, Merrill Lynch and Access Economics.
Mr Butler says that RRI™ predictions for 2010 will become available before the end of the year, but for the time being, just wants people to stop hassling him.
Posted by Margo's Maid at 7:59 PM