So, in the third quarter, the UK economy grew slightly faster than economists were predicting. They predicted 0.5%, it actually grew at 0.6%. So they were out by 20%.
Cue lots of quotes from City Economists about how this was entirely predicatable and easily explained - even though they neither predicted it, nor apparently were away of the reasons why this would happen at 09.29 this morning. Here's a typical example I've lifted from the Telegraph.
I must get round to writing a longer post at some point about the madness by which the bankers and economists are clearly not in control of events - yet are being put in charge of countries (Italy, Greece) and the Euro Zone as a whole (ECB) - as they are 'the best people to sort this out.
But in the meantime, I'm just going to bang my head on the desk for a while...