Much policy making by government bodies around the world is underpinned by financial analysis. Little of the analysis is ever checked for accuracy. As a result, decisions affecting the lives of large populations are made on grounds that may be less robust than imagined, or just flat wrong.
Questionable arithmetic isn't unique to the public sector. Private sector firms produce it too. Some might say that the credit crunch underway right now is the product of defective analysis on a global scale. When people start losing their savings and their houses, the consequences can be said to be life changing.
This blog will analyse the work of financial analysts, for no better reason than that doing so is something that amuses the author.
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