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Remember that economists have predicted 15 of the last 7 recessions. Hold on to your hats.
by alex_young 8y ago
Remember that economists have predicted 15 of the last 7 recessions. Hold on to your hats.
- mandeepj 8y ago> predicted 15 of the last 7 recessions Did you mean to say 17 instead of 7?
- hmate9 8y agoI don’t think so. He’s basically saying there is always somebody saying the economy will collapse and there are always people saying the economy is going to be stronger than ever.
- tehlike 8y agoWorks both ways. There are permebears and permabulls. One will overpredict and the other will under.
- metalliqaz 8y agoHe said it correctly. It's a common joke among economists and pundits.
- WhompingWindows 8y agoI'm sure "economists" generally as a field can not accurately predict recessions, however certain individuals have used sound logic to predict certain downturns in the past. There is a general logic to the market, the debt cycle for instance, the natural hot/cold phases the USA and the world in general go through. So, while your comment is witty and I agree generally, I also think there is a possibility of a major downturn in the near future.