Saturday, March 13, 2010

Flashback: Economic Forecasting FAIL!

From the back cover:
Dent identifies opportunities, explores trends, and makes concrete predictions. Among them are: A Dow that will reach at least 21,500 and possibly 35,000 by the year 2008.
Far from being a "roaring" decade, the 2000s had the slowest rate of job growth since the Great Depression.


  1. After the roaring 2000s, get ready for the exciting 2010s, when the bill for the 2000s roar will have to be paid.

  2. I dunno ... I'd say there are at least a few bankers and mortgage brokers out there (among others) who took his message to heart ... And made out pretty well.

    I think the disconnect is the belief that we'll all do well in a boom. And that's no more true than all of us doing badly in a recession.

  3. This is probably the first time I agree with a post from Lance.