| In a meeting http://www.mpipitone.com/apodiscounterde-gutscheincode-aba8.pdf apodiscounter.de apotheke Ironically, even though it emerged from the wreckage of the crisis, the OBR is a product of the same data-driven mindset that helped cause the crisis. It looks to me a little like the political equivalent of the machine that the banks and regulators built in the run-up to the disaster of 2007-2008. In banking, which was becoming more complicated as it expanded rapidly, there was an obsession with measurement. It led to a proliferation of concepts such as Risk-Weighted Assets and Value at Risk, mechanisms designed so that in theory banks could weigh and assess the risks they were taking with a new pinpoint accuracy. Data was crunched daily, forms were filled, risk committees met non-stop. Lots of very well-paid and in theory smart people assured each other that their cleverness had made the world safer as (who would have guessed it?) they got richer.
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