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They don’t understand the economy then, they just know how to analyze it in hindsight
by greatpostman 3y ago
They don’t understand the economy then, they just know how to analyze it in hindsight
- shric 3y agoStock market prices are based on expected future returns. Any anticipated future economic movement is more or less priced in. You can have a perfect understanding of the economy and not be able to predict future market movements as large short term movements in stocks are in response to unpredicted events.
- gizajob 3y agoSame as every economist