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by caeril
1352 days ago
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> Those can all be planned for. Literally nothing can be planned for. Compare the Fed dot plots at any given meeting since 2008 with actual rates a year, or three years hence. Look at the BoE and BoJ flail wildly around right now, absolutely shocked by the consequences of their own actions less than a year ago. These people have arguably a worse predictive ability than the canonical South Park Chicken ritual. Central Banking is the only industry I know of in which you can be catastrophically wrong, always, and retain job security. Great gig, if you can swing it. |
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