Quote:
Originally Posted by trdcrdkid
Economists are notoriously poor at predicting recessions, basically no better than the ordinary man on the street. There will certainly be another recession in the U.S. at some point, but neither you nor I know when it will be, or how bad it will be.
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Nearly every day since after the bottom in 2009 I have seen some article online by one economist or another predicting imminent and catastrophic collapse of the markets and the economy. Indeed, many of them claimed it had already begun. They always identify the same reasons and present the same doomsday graphs showing supposedly infallible indicators.