‘As an act of crass stupidity, this has rarely been equalled’ | Will Hutton

‘As an act of crass stupidity, this has rarely been equalled’ | Will Hutton http://gu.com/p/342hb

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We shall turn to history to anticipate the future

I am currently reading Niall Ferguson’s book, Civilization: The West and the Rest. For anyone interested in a concise summary of the history of the human race for the past six hundred years – Look no further. Time and again Ferguson reinforces the point that the only way we can anticipate the future or a series of likely future scenarios is to study the past. History does repeat itself! This applies to Financial Markets and Wars alike.