In One Chart ...

35 Years Of Failed Economic Forecasts

 

by SAM RO

John Mauldin takes down the business of economic forecasting in his new weekly letter.

"If you look at the history of the last three recessions in the United States, you will see that the inability of economists and central bankers to understand the state of the economy was so bad that you might be tempted to say they couldn't find their derrieres with both hands," wrote Mauldin. "Economists have yet to correctly call a recession."
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