Goat prices, the FT and predicting the crash

May 20, 2009 10:13am

Who saw the crash coming? Well, careful readers of the FT would have recieved some warning. I refer not to the work of Gillian Tett or Martin Wolf - although both can claim some credit - but to this short story by Julian Gough, an Irish novelist based, which was published in the FT.  Gough’s account of the inflation of goat-prices in Somalia and their impact on the global economy now seems eerily like an allegorical warning of what was to befall us.

Mr Gough has now been rewarded - either for his literary flair or his economic insights - by having his story dramatised on BBC Radio 4. If you hurry, you can listen to it here - before they take the link down next Friday. The Hollywood movie goes into production next year, although the part of the goat is yet to be cast.