There are 60,000 economists in the US, many of them employed full-time trying to forecast recessions and interest rates, and if they could do it successfully twice running they’d all be millionaires by now ... as far as I know, most of them are still gainfully employed, which ought to tell us something ...
There is no such thing as an expert on the market. The market is perverse, contrary, illogical, random, enigmatic and unfathomable. For every professional opinion about a stock, the market, the economy, interest rates, inflation and so on, there will always be ...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
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