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

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”

About bzik2

A beginning central banker with a twist
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