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Interview with Dan O'Keefe
The JRo Show
Unpredictability of macro predictions
Macro predictions about the impact of rising mortgage rates on housing stocks proved to be incorrect, as housing stocks performed well despite the rate increase. Similarly, historical events like the bombing of Pearl Harbor demonstrate the unpredictability of macro predictions, as the stock market continued to rise in the years following the event. This highlights the challenge of making accurate macro predictions and suggests that it may be difficult to consistently get them right.
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