The problem with most of these prediction is not that they were wrong. The problem is they forecast not what they thought would happen but what they WANTED to happen.
TDS
"Paul Krugman -- Nobel Prize-winning economist, retired Princeton professor, New York Times columnist, and village idiot -- was not alone in predicting a worldwide recession upon the election of Donald John Trump as president.
3 days after we made Donald John Trump president, Business Insider reported, "One of Trump's major economic policies could lead to a 'global recession.'"
WHY TRUMP WILL CRUISE TO VICTORY NEXT YEAR
"Britain’s Sun newspaper comments on a new report by the Centre for Economics and Business Research. The Sun’s focus is Britain, but the report is highly relevant to the U.S. as well:
BRITAIN’s economy has defied forecasts predicting it would be overtaken by France as a new report reveals we have cemented sixth place in the world.
And by 2034 the UK’s economy is now predicted to be a quarter larger than France’s, according to research by the annual World Economic Rankings from the Centre for Economics and Business Research (CEBR).
Brexit was supposed to devastate Britain’s economy, remember?"...
Blazer Bob wrote: WHY TRUMP WILL CRUISE TO VICTORY NEXT YEAR
"Britain’s Sun newspaper comments on a new report by the Centre for Economics and Business Research. The Sun’s focus is Britain, but the report is highly relevant to the U.S. as well:
BRITAIN’s economy has defied forecasts predicting it would be overtaken by France as a new report reveals we have cemented sixth place in the world.
And by 2034 the UK’s economy is now predicted to be a quarter larger than France’s, according to research by the annual World Economic Rankings from the Centre for Economics and Business Research (CEBR).
Brexit was supposed to devastate Britain’s economy, remember?"...
Saving the world? That is probably hyperbole, but the American economy is doing better than Europe. The home market is so poor there, mortgages are down to 1% and people still aren't buying houses.
Thomas Sowell: There are no solutions, just trade-offs.
