Surprise! Economists Are Not Good At Forecasting


Source: WSJ

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Surprise! The WSJ reports that Economists are bad at forecasting:

Simply put, 2011 was a terrible year for economic prognostication. With seemingly no end of overseas disasters — natural and man-made — to throw off experts’ predictions, it’s hardly surprising that this year’s winning score would only have been good for 35th in last year’s rankings.

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Source:
Why Did Economists Get It So Wrong in 2011?
Ben Casselman
Real Time Economics February 13, 2012
http://blogs.wsj.com/economics/2012/02/13/why-did-economists-get-it-so-wrong-in-2011/

Rosier View Has Familiar Ring
BEN CASSELMAN and PHIL IZZO
WSJ, FEBRUARY 13, 2012
http://online.wsj.com/article/SB10001424052970203824904577215143354029590.html

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