“You know what the difference is between an Economist/Analyst, and a Business owner? When a Business owner makes a prediction on his or her business and is wrong – the business could wind up in bankruptcy. When the Economist/Analyst makes a wrong prediction about business – they just make another prediction.”
I may not be the first to express it, yet it seems more relevant today than ever before in light of what is now becoming abundantly clear to near anyone with the slightest hint of common sense. Most of the so-called “experts” paraded across the financial media as to espouse their wisdom on either financial markets, or the global economy: are blatantly naked for anyone to see. (more…)