Frazzled Investors Turn to Psychics for Help

Investors flock to psychics for economic insight
By Wesley Oliver,  Newser Staff
Posted Nov 22, 2008 2:51 PM CST
Psychics say their business is robust, as do astrologers and people who channel spirits, read palms and otherwise predict the future.   (Shutter Stock)
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(Newser) – Maybe they failed to predict today's economy, but psychics are certainly profiting from it, the New York Times reports. Frustrated with traditional financial advice, many investors are booking appointments with soothsayers, who say their business is on the upswing. “Your mortgage agents, your realtors, your bankers, you can’t go to these people anymore,” said one psychic.

Clients pay anywhere from $75 to $1,000 an hour for a little ESP. Many converts are male businessmen who once considered psychic advice a female domain. “When conditions are this volatile, consulting a psychic can be as good a strategy as any other,” said one trader. But others want more than economic advice: “I get a lot of Republicans wondering where their party is going," one astrologer said.