Wall Street Forecasters Are at It Again

The markets did a much better job of recognizing the potential impact of the fed treasury actions than did most commentators. What do the forecasters know? Although it's on the subject of stock market returns rather than inflation, i can't fail to share some data regarding forecasts supplied by sheldon stone,. We just passed 38 years working together last december. He shared a new york times article by jeff sommer entitled clueless about 20 20. The consensus forecast return was revised downward to negative 11 %, almost 30 per centage points below the eventual outcome....