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Hello All!
I found this very interesting!
[No disrespect to the economists - In fact, I, myself, am a pursuing macro economist in a long run.]
Reading about Macro Economists – those who we see almost every time on TV, talking about currencies, countries and economies – forecasting -
I learned that they fall in 3 categories –
1) ECONOMIC FORECASTING
2) ECONOMIC RESEARCHING &
3) DATA DEVELOPING
To my surprise, the LEAST that they are capable of happens to be – guess which one out of the above 3?
Ans is # 1 – FORECASTING… (Ref: Book: Macroeconomics By Ben S. Bernanke, Andrew B Abel and Dean Croushore)
I wonder this could be the reason why we tend to find out that most often than not, market goes against many economists' forecasts!
I hope you are ready for the catalyst events on the docket later on today and Good Luck Trading!
... Anil.
I found this very interesting!
[No disrespect to the economists - In fact, I, myself, am a pursuing macro economist in a long run.]
Reading about Macro Economists – those who we see almost every time on TV, talking about currencies, countries and economies – forecasting -
I learned that they fall in 3 categories –
1) ECONOMIC FORECASTING
2) ECONOMIC RESEARCHING &
3) DATA DEVELOPING
To my surprise, the LEAST that they are capable of happens to be – guess which one out of the above 3?
Ans is # 1 – FORECASTING… (Ref: Book: Macroeconomics By Ben S. Bernanke, Andrew B Abel and Dean Croushore)
I wonder this could be the reason why we tend to find out that most often than not, market goes against many economists' forecasts!
I hope you are ready for the catalyst events on the docket later on today and Good Luck Trading!
... Anil.