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I'm pretty much convinced that (as someone with an actual academic background in economics) that most economic predictions are bullshit, regardless of who makes
by ZanyProgrammer 11y ago
I'm pretty much convinced that (as someone with an actual academic background in economics) that most economic predictions are bullshit, regardless of who makes them. The economy may very well be headed to a downturn, but there's zero way to accurately tell how bad it'll be-Great Recession, early 00s, early 90s bad, something worse, something better? "Economic collapse" is so vague and alarming as to be useless (unless you have shares in a Prepper biz you are trying to inflate).
- rconti 11y agoAnd especially when "everyone" is predicting a collapse. That makes me more confident than anything that everything will be okay.
- peteretep 11y agoIf everyone was predicting a crash, then we'd have one already, because the markets would reflect that.
- cylinder 11y agoPeople seem to have forgotten that we can have recessions without financial crises or "collapses."