35 Years Of Failed Economic Forecasts In One Chart

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Monday, June 17, 2013 35 Years Of Failed Economic Forecasts In One Chart        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." For those who don't have time to read Mauldin's lengthy letter, there's one chart that sums up his thesis nicely. It comes from Societe Generale, and it shows economists' consensus forecasts for GDP growth.  As you can see, it never goes negative during this 35 year span. Read » Also On Money Game Today: STOCKS MAKE IMPRESSIVE COMEBACK AHEAD OF HUGE JOBS REPORT: Here's What You Need To Know Tomorrow Is Going To Be Huge Advertisement CHART OF THE DAY: 18 Housing Markets That Are More Overvalued Than The US CHART OF THE DAY: Home Prices Are Rising At The Fastest Pace Since February 2006 CHART OF THE DAY: The Istanbul Stock Market Gets Obliterated Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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