When an economist meets a psychic

I enjoy reading prophecies. There is one thing fortune tellers and economists have in common: they make predictions. As an economist, I use my knowledge, theories and actual data, to check whether these prophecies make economic sense. In this article, I take the predictions of a fortune teller named Wasu and apply economic reality checks and make an interpretation of his readings of Thailand’s future this year. This Mr Wasu is like no other fortune teller. Back in Jan 2020, when the term Covid-19 did not exist, he foresaw the pandemic (which he referred to as “flu-like disease”) and made a few…

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HEDGE accordingly