S&P 500 vs PUNDITS
In a complex and uncertain world, making predictions is a fraught business, not least for economists, whose forecasts are notoriously inaccurate.
Even worse, economic forecasts tend to let you down just when you need them most.
The Nobel laureate economist Paul Samuelson once quipped that “the stock market has called nine of the last five recessions,” which seems forgivable when compared with economic forecasters who rarely predict any.
Even worse, economic forecasts tend to let you down just when you need them most.
The Nobel laureate economist Paul Samuelson once quipped that “the stock market has called nine of the last five recessions,” which seems forgivable when compared with economic forecasters who rarely predict any.
The trend is your friend, until it's not
Penafian
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