Re:Big Banks Had a Spectacular Quarter Despite All the Rules
by yequalsx on Friday July 21, 2017 @10:50AM
(#14820969)
There's a famous joke along the lines of:
Economists have predicted 12 of the 3 market crashes.
The problem with looking at who correctly predicted the last crash is that so many people make predictions of the form, "there will be a crash in the next x months". Eventually someone will be correct.
How will you be able to tell that person being correct due to random chance versus actually knowing that there would be a crash?
Economists have predicted 12 of the 3 market crashes.
The problem with looking at who correctly predicted the last crash is that so many people make predictions of the form, "there will be a crash in the next x months". Eventually someone will be correct.
How will you be able to tell that person being correct due to random chance versus actually knowing that there would be a crash?