I am with Galbraith: "the only function of economic forecasting is to make astrology look respectable". Still, it can be interesting to listen to people who feel the need to say something. Here's what NS&I have to offer, in my email this morning.
"It’s impossible to predict exactly what will happen to the investment market in 2012 [so far, so good] but there is a way to get a clearer picture of what could be in store. Perspectives - a clear view on your money. We asked a panel of financial advisers ...
Dr Robin Keyte: 'I am a strong supporter of NS&I Index-linked Savings Certificates, which provide excellent tax-free, low-risk returns.’ * "
I wonder what the asterisk is for ... ah - " * not currently on general sale".
Keyte isn't finished, though.
"I would also consider Zopa who offer a unique approach to borrowing and lending without the use of banks."
Never heard of Zopa: what do they do ? ... click click click ...
"At Zopa, people who have spare money lend it directly to people who want to borrow. Zopa has plenty of safeguards in place to make lenders' money available only to credit-worthy borrowers, but we also provide lenders with predictions for the bad debt that they should expect."
Strewth ! They predict the default rates ! This is worse than 'prices can go down as well as up' - quick, let's pick a different expert back at NS&I.
Adrian Lowcock: 'the most important thing to do: ignore short-term volatility and not panic when markets are weak' "
Thank you Adrian. And finally, as we make our way to the door, there's a useful link: "Tell us what you think of this article".
Best not, actually.