Quote:
Originally Posted by 2000cs
They/we never were. It was called the dismal science long before I took my first class.
With respect to forecasting the economy, the old joke is if you assemble a group of five economists and ask for their predictions, you’ll get at least seven forecasts.
And another: an economist, an engineer, and a landscaper are trapped in a hole. They each work on a plan to get out. After the engineer and landscaper describe various ways to dig, make stairs, etc., they ask the economist for his solution. He responds, “assume a ladder,…”
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i think it would be an accurate profession if we had a true hands off economy... what no one can predict is what outside forces will move the market... i.e. govt support, bailouts, ppp etc... thats why ive always said we dont nor have ever had free markets, thats a made up story someone told someone else and it got spread