When is the next recession going to hit? Who cares. This is a great Bloomberg article by Barry Ritholtz.
“You have to hand it to economists — they say the darndest things.
In a Wall Street Journal survey, a group of economists “put the odds of the next downturn happening within the next four years at nearly 60 percent.” Oh no.
Today, we will make another entry in the catalog of how worthless predictions tend to be, and more specifically why economists’ long-term forecasts are so uniquely useless.”
#Investing #ForgetTheNoise #Recession #Economics