Folly of forecasting…(from FT, January 18, 2010)

Posted on January 19, 2010 by

Forecasts are very important in macroeconomics. Very important for example in central banking. Ekhm… I have (tried) worked with forecasts and let me quote here Mr Montier (taken from Jonathan Davis, Financial Times) “Frankly, the three blind mice have more credibility than any macro-forecaster at seeing what is coming”

Advertisements

About bzik2

A beginning central banker with a twist
This entry was posted in Economics. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. ( Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

Cancel

Connecting to %s