Quote from Jayford:
Iceman,
FUCK YOU!
It means I have several degrees in the field and know what I am talking about, unlike some of your ridiculous "trading" posts.
Many economists are quite good; however, most of the ones you see quoted work for the Government or Wall St, and have major conflicts of interest. They are not allowed to give a really crappy forecast until after shit hits the fan because neither the Gov or Wall St want people selling. These same guys give over rosy forecasts for the future as its THEIR JOB to do so.
Listen to the guys in academia or consulting, and they are usually pretty close. Read RGE Monitor for example. Roubini absolutely nailed the entire mess. He even published a 12 step process how it would unfold WAY in advance. Guess what happened? Unfolding exactly as he said it would.
Go away troll. You offer nothing of value to ET.