The function of economic forecasting is to make astrology look respectable.
- John Kenneth Galbraith
I’ve been in the forecasting business for 50 years, and I’m no better than I ever was, and nobody else is either.
- Alan Greenspan
And the cost of reacting to forecasts, stock market promoters and other financial media commentators - leading to poor investor behavior: about 6.5% per year over the past 20 years.
Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.
– George S. Clason [The Richest Man in Babylon]
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Forecasting: Interest Rates and Market Changes
The function of economic forecasting is to make astrology look respectable.- John Kenneth Galbraith
I’ve been in the forecasting business for 50 years, and I’m no better than I ever was, and nobody else is either.- Alan Greenspan
And the cost of reacting to forecasts, stock market promoters and other financial media commentators - leading to poor investor behavior: about 6.5% per year over the past 20 years.
Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.
– George S. Clason [The Richest Man in Babylon]