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Not an economist but majored in economics for undergrad, including macro, international, and public economics. I think it's great for people to learn about mac
by waylandsmithers 4y ago
Not an economist but majored in economics for undergrad, including macro, international, and public economics.
I think it's great for people to learn about macro but I don't think you're going to get what you are looking for out of this with regards to investing- economists are generally good at studying and trying to explain why things happened in the past. Like any other group of people, they're not very good at predicting the future, and certainly not the stock market.
Among the most amusing wrong predictions to me is a theory that was gaining steam in 2006 was that there hadn't been a recession in a while, since the dot-com bubble, maybe because newer companies would do all their design and research for themselves but outsource the manufacturing, so could withstand decreases in demand. And as a result, maybe there just wouldn't be any more significant recessions in the US.
- virtue3 4y agonever underestimate the "hold my beer" effect.