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Friday, September 24, 2010

Omens, Miracles and the Economy

Bears aren't out of the woods yet. Illustration by Phillip Couzens.

When will the recession end?  Astrologer Susan Miller recently tweeted that it will end in October 2012.  This expands on her CBS interview with various predictions in the stars here.

This makes me think of Greek dramas I've read.  You know things are dire if the king is in the temple reading entrails with the oracles.  That moment of turning to the Augurium is a moment of relinquishing faith in daily life, of acknowledging powerlessness.  Ironic, isn't it, since economists' authority and the power of world markets largely depend on the chances of predicting financial futures?  Having failed to read the signs, our oracles are looking for miracles and consulting the soothsayers.


A lot of people these days confuse prophecy with prediction. Both deal with an attempt to see the future.  However, predictions are based on sets of scientifically-derived hypotheses. If an observation discounts any part of those hypotheses, the predicion fails.  Prophecies are mystical experiences and symbolic allegories, which can't be verified in conventional scientific terms.

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