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Economists have predicted 8 of the last 3 recessions.
by bregma 7y ago
Economists have predicted 8 of the last 3 recessions.
- selectodude 7y agoEconomists have a good grasp of the underlying factors that cause recession, the one thing they can’t model is human economic exuberance, which is why they always predict recessions when they don’t happen. And then when they do happen they’re so much worse than anybody would have thought.