From the July 28, 2010 Financial Times, Vulnerable to Vertigo
“Using past forecast errors as a guide, the new UK Office for Budget Responsibility sees an 80 per cent chance that the British economy will grow between a negative 0.4 per cent and a positive 4.7 per cent in 2011, a range so wide it encompasses both boom and bust. Not much more helpful in diving the future is its calculation that there is a 50:50 chance that 2011 growth will be below 1.2 per cent or above 3.9 per cent.”
From Andrew Ross Sorkin’s Too Big to Fail
“Not everyone at the Fed was in agreement with Geithner’s insta-merger strategy, however. So unpopular was Geithner’s single-mindedness about merging banks that afternoon that some CEOs began referring to him as “eHarmony,” after the online dating service.”