Brits turning to the paranormal for financial advice
A few days ago the National Post ran an article by Ben Leach entitled “Turning to a Psychic for Financial Clarity,” which noted that:
Psychics are reporting a big increase in business from wealthy professionals seeking advice on how to survive the credit crisis. Bankers and accountants who formerly put their faith in spreadsheets and complex formulas are now turning to clairvoyants for guidance. Many are even taking in job offers and contracts to be analyzed.
According to the British Astrological and Psychic Society (BAPS), the economic downturn has prompted a “dramatic increase” in the demand for psychical and astrological readings in last three months.
The story quotes a London “clairvoyant,” Jayne Wallace, on who is behind this rise in seeking the opinion of the other-worldly and the occult.
We're getting lots of city workers, particularly men, coming in for readings. A surprising amount of my clients are very high-up, wealthy, important people from within the financial industry. They might be worried about losing their job or a lot of the time they're asking about whether it's right to get out of the finance industry altogether.
BAPS President Jackie Towers states that this is “a difficult time for a lot of people and it's our job to put them at ease—to give them that bit of guidance or clarity that they are looking for."
While we couldn't agree more with Ms. Towers' sentiment, we are concerned about the lack of accreditation and continuing education for her members, not to mention insurance... after all, how many of them warned us about the U.K.'s LIBOR market freezing? (Not that we're calling their abilities into question, but we're just saying...).
For the entire story at the National Post, click here. For an expanded version of the story from the U.K.'s Telegraph, click here.