"I refuse to prove that I exist," says God, "for proof denies faith, and without faith I am nothing."
"But," says Man, "the Babel fish is a dead giveaway isn't it? It could not have evolved by chance. It proves that You exist, and so therefore, by Your own arguments, You don't. Q.E.D."
"Oh dear," says God, "I hadn't thought of that," and promptly vanishes in a puff of logic.
"Oh, that was easy," says Man, and for an encore goes on to prove that black is white and gets himself killed on the next zebra crossing.
- Douglas Adams
The financial markets often seem illogical, but it is with a certain amount of satisfaction that I note the Economist, that hoary-bearded sage of the Dismal Science, now admits that the whole shebang is just as faith-based as any apocalyptic religion. This all makes me wonder, how will the markets perform in the future? Information used to be rare and precious, and consensus was easier to create back when everyone was reading the same columns in the same newspapers. Now there is a confusing polyphony of loud opinion spiced with Damned Lies and Statistics. I don't pretend to know what things will look like going forward, but I suspect we are in for, at the very least, some interesting times.
Read more here: Faith and the markets via Economist.com
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