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.

3 comments:

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

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  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.

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

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