Economists and Predicting Past Trends Economy's Dependence on Economists

Economists Forecasting Recessions and Interest Rates

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There are 60,000 economists in the U.S., many of them employed full-time trying to forecast recessions and interest rates, and if they could do it successfully twice in a row, they'd all be millionaires by now...as far as I know, most of them are still gainfully employed, which ought to tell us something.
Tags: economy