2 ms·
I'm getting tired of constantly hearing unrealisticly good predictions from GS and other institutions with vested interests. (And yes, I know that this is the _
by zzleeper 16y ago
I'm getting tired of constantly hearing unrealisticly good predictions from GS and other institutions with vested interests. (And yes, I know that this is the _outlier_ scenario)
This reminds me of the earlier article today from Zed Shaw. Why is GS so optimistic, constantly overestimating growth? Because they know that with their reports they can influence growth (aka, self-fulfilled profecy, so common in economics). And with more growth, they have more deals (IPOs, M&Ms, etc), and thus more money.