Wall Street Keeps Overestimating China's Macro Data
Market Depth
Why Wall Street Economists Won't Change Their View in Face of Overwhelming Evidence
There's two basic general reasons why they won't change their view in the face of overwhelming evidence to do so. Number one is just pure simple stupidity ignorance and arrogance. The second reason is that they don't actually believe in their own view deep down inside but they cannot just toss toss it away. And at the end of the day, look, if you're a salesite economist, you are not in the business of being right. You're in theBusiness of not being wrong.
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