He channels William Sherden, author of “The Fortune Sellers: The Big Business of Buying and Selling Predictions.” Sherden decided to test the accuracy of leading forecasters over a multidecade period. His conclusion: Forecasters stink.
Farrell summarizes Sherden’s findings in 11 bullet points:
1. Economists’ predictions are no better than guesses
2. Government economists often worse than guesses Continue reading “Market Predications : Main Street Lambs led to the Slaughter”