ZeroCool@feddit.ch to Political Memes@lemmy.worldEnglish · 1 year ago100% Chancei.postimg.ccimagemessage-square12fedilinkarrow-up116arrow-down10file-text
arrow-up116arrow-down1image100% Chancei.postimg.ccZeroCool@feddit.ch to Political Memes@lemmy.worldEnglish · 1 year agomessage-square12fedilinkfile-text
Link to the original article: https://www.bloomberg.com/news/articles/2022-10-17/forecast-for-us-recession-within-year-hits-100-in-blow-to-biden
minus-squarePons_Aelius@kbin.sociallinkfedilinkarrow-up3·1 year agoEconomists have predicted 20 of the last 5 recessions… Economics is great at explaining why something happened or what may happen in the future but complete shit at predicting when something will happen. For a decade in the run up to the 2008 housing crash everyone was saying it was just around the corner but they were wrong for 9 of the 10 years. If every year you predict the world will end or the market will crash, eventually you will be correct…
Economists have predicted 20 of the last 5 recessions…
Economics is great at explaining why something happened or what may happen in the future but complete shit at predicting when something will happen.
For a decade in the run up to the 2008 housing crash everyone was saying it was just around the corner but they were wrong for 9 of the 10 years.
If every year you predict the world will end or the market will crash, eventually you will be correct…