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by rfinney 2684 days ago
A very old joke: economists have predicted 9 out of the last 5 recessions.
1 comments

I mean really though, why do people even care about "economist/analyst predicts X" stories at all these days? If you're around markets for any period of time (or read Taleb) you know they know nothing and their predictions are worse than useless. It's just garbage information noise and the people who say or publish it should be embarrassed that they think they can predict the future.
There is a lot of noise and one can never time the market, but I think many of us are interested in analysis because we have a general interest in the economy.
What about X% of economists predict Y?