Groundhog Day

[TimberWolf]

"Of course, the questions are all the same every year and never change. It is the answers that are different each year."

Seems to me that economic forecasts are as difficult as predicting the weather. Perhaps more difficult, and possibly doomed to failure, since getting an accurate weather forecast doesn’t change the climate.

There are only two things I remember from economics classes and these are the supply and demand curves, and the boom and recession cycles. Apparently the latter does not apply anymore

Anyway aren’t recessions or crashes meant to be unexpected? This next one seems to be being predicted all over the place, which is confusing things. Perhaps all will start to seem well…. and then DOOMED?

[BrilloPad]

Absolutely. Even if the weather gets better the winter of financial turmoil will last longer than 6 weeks that is for sure. And I don't need a American rat's shadow to tell me that.

http://forums.contractoruk.com/gener...essing-me.html

[Gonzo]

Seems to me that economic forecasts are as difficult as predicting the weather. Perhaps more difficult, and possibly doomed to failure, since getting an accurate weather forecast doesn’t change the climate.

I had this conversation when I bumped into a school friend a few years back. He had just finished his degree in Economics and was just about to start his Masters.

He said that if you want a prediction of how the economy is going to go and you have the choice between asking an Economist and asking a witch-doctor, ask the witch-doctor. There is a tiny chance that the witch-doctor might be right. The Economist will be wrong.

Anyway, he is now Chief Financial Officer of a finance firm in the Bahamas, and I am where I am, so I think I know who gets the last laugh over Economics.

[Diver]

Didn't we do this yesterday

Deja vu !

[BrilloPad]

Seems to me that economic forecasts are as difficult as predicting the weather. Perhaps more difficult, and possibly doomed to failure, since getting an accurate weather forecast doesn’t change the climate.

There are only two things I remember from economics classes and these are the supply and demand curves, and the boom and recession cycles. Apparently the latter does not apply anymore

Anyway aren’t recessions or crashes meant to be unexpected? This next one seems to be being predicted all over the place, which is confusing things. Perhaps all will start to seem well…. and then DOOMED?

Einstein dies and goes to heaven only to be informed
that his room is not yet ready.

"I hope you will not mind waiting in a dormitory. We
are very sorry, but it's the best we can do and you
will have to share the room with others", he is told
by the doorman.

Einstein says that this is no problem at all and
that there is no need to make such a great fuss. So
the doorman leads him to the dorm. They enter and Albert
is introduced to all of the present inhabitants.

"See, Here is your first room mate. He has an IQ of 180!"

"Why that's wonderful!" Says Albert. "We can discuss
mathematics!"

"And here is your second room mate. His IQ is 150!"

"Why that's wonderful!" Says Albert. "We can discuss
physics!"

"And here is your third room mate. His IQ is 100!"

"That's Wonderful! We can discuss the latest plays
at the theater!"

Just then another man moves out to capture Albert's
hand and shake it. "I'm your last room mate and I'm
sorry, but my IQ is only 80."

Albert smiles back at him and says, "So, where do
you think interest rates are headed?"

[Gonzo]

Didn't we do this yesterday

Deja vu !

Yes, I am sure that I am repeating myself