Tuesday, December 09, 2008

Worst Calls

The 10 Worst Predictions of 2008 are rather amusing to read and recall. I guess schadenfreude is the word I am looking for. The common person gets their comeuppance each time the punditry gets it all wrong - and the mistakes come fast and furious. The fear of $200 gallon oil mongered by the Goldman Sachs analyst was not a lot different from the panic some of my desi acquaintances got into a few months ago, when the price of rice kept rising like it would not stop.

Some advised me to start hoarding what I could in whatever space I have in my apartment, others suggested that I ask my folks in India to visit with as many bags of rice as their baggage limit would allow. Yet others went on to say, our rice-eating days were numbered and we should prepare to change our dietary habits to survive in the post-rice world. It seems as if the only difference between the regular guy and the experts is chutzpah.

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