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Originally Posted by MS Fowler
It seems that every month, the "experts" are " surprised" by the actions of the economy.
Why is that?
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Because none of them are historians.
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Are the "experts" just dumb?
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No, just not "experts" at anything. They are theorists in a study that claims to be a science and is nothing of the sort.
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Is economic forecasting as difficult as weather forecasting
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Moreso. Weather obeys physical laws. Humans don't. Hari Seldon has not yet, in fact, arrived on the scene with Psycho History.
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Should we even value their opinions?
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I have yet to hear of one that's worth a damm.
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Or are their theories just wrong?
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Yep.
- Peter.
__________________
2021 Chevrolet Spark
Formerly...
2000 GMC Sonoma
1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021
2002 Kia Rio. Worst crap on four wheels
1981 240D 4spd stick. 389000 miles.
1984 123 200
1979 116 280S
1972 Cadillac Sedan DeVille
1971 108 280S