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Yes, the complete system is way too complex to understand. Even the FED admitted that[0]. Especially forecasting anything is very hard and the luck factor is ve
by KETpXDDzR 5y ago
Yes, the complete system is way too complex to understand. Even the FED admitted that[0]. Especially forecasting anything is very hard and the luck factor is very high. That's why business "science" (not a real science IMO) is only reactive, not proactive. They keep the system running, see it fail, adjust the screws on the machine we call "the market", and try again.
[0] https://www.nytimes.com/2021/10/01/upshot/inflation-economy-analysis.html https://www.nytimes.com/2021/10/01/upshot/inflation-economy-...