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by cal_dent
199 days ago
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I’d change to “can be the same as being wrong” and agree. All these people out there thinking their being oh so clever with bubble this short that etc. Everyone knows. One of the idiosyncrasies of modern human society is that we’re pretty good at knowing how things we create or initiate can go wrong, particularly with the economy. We’re just not great at perfectly understanding the degree of risk or the probability or at what point/level it goes wrong. That’s why I’ve never really got all the chat of “economists have predicted xx of the last x recessions yadda yadda”. I’m fine with that, I’d be more concerned if they predicted 0 of the last x recessions. |
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