> Economists have predicted 10 of the last 3 crashes and all that. There is some irony in this statement that many people do not realize. It was the economist

> Economists have predicted 10 of the last 3 crashes and all that. There is some irony in this statement that many people do not realize. It was the economist Paul Samuelson that came up with the original saying: > To prove that Wall Street is an early omen of movements still to come in GNP, commentators quote economic studies alleging that market downturns predicted four out of the last five recessions. That is an understatement. Wall Street indexes predicted nine out of the last five recessions! And its mistakes were beauties.[18] * https://en.wikipedia.org/wiki/Paul_Samuelson#Aphorisms_and_quotations https://en.wikipedia.org/wiki/Paul_Samuelson#Aphorisms_and_q...