• Pons_Aelius@kbin.social
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    1 year ago

    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…