An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.
When the last digit in the calendar changes at the end/beginning of the year it's a great time to sit down and review how things have gone, and plan how they might go. This is as true of finance as it is in any other area of life, and indeed with all the predictions that float around saying what might happen in the coming year it is easy to think that pundits all get a crystal ball from Santa. However many of these balls must be cracked as few of the predictions agree, and much like a fake psychic the only reliable predictions are those which are so vague they almost can't be wrong. Here Jim Parker, Vice President at Dimensional Funs Advisers offers his view on the general reliability of predictions, and ten predictions that he is pretty sure you can relay on
by John Stirling
An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.