Don’t trust economic forecasters: that’s the message from Citigroup’s Economic Surprise Index. As Derek Thompson explains at the Atlantic, “A high Surprise Index indicates that economic figures have been stronger than analysts projected. A low Surprise Index indicates that the economy is doing much worse than analysts predict.”Check out the Index here.Remember — those who try to predict the future of our financial world are usually wrong. Sometimes very wrong. Any investor who thought his predictions were correct would shut up about it and cash in big in the financial markets. Predictions in the media come from investors and analysts who stand to gain more from publicity than from investing based on their predictions.Remember — those who know don’t tell, and those who tell don’t know.
Settled Economics? Financial Predictions Are Almost Always Wrong
Newer Post Turkey vs. Iran: New Grudge Match Shapes the Middle East Older Post So it isn't Just Us