Monday, December 30, 2002

The Dismal Science: That's what they call economics. But, when you get to forecasting, it's downright overjoyed. Witness this Livingston Survey from December, 1999. Look at the anticipation in overall economic growth, interest rates direction, and the future of the S&P. Wrong, wrong and wrong. Staggeringly so. Okay, if I could predict the market every quarter, I'd not be typing this blog. However, when you pull together 30 or so "experts" and this is the consensus. Oofah.

No comments: