Didn't we have economists' consensus then about what's going to happen?
My point is a fact's popularity is not equal to its importance. That was a scenario to highlight how they can even have an inverse relationship.
Diving into how well/badly anybody predicted a certain economic future is a whole different can of worms.
That said: "The market can stay irrational longer than I can stay solvent." :p
My point is a fact's popularity is not equal to its importance. That was a scenario to highlight how they can even have an inverse relationship.
Diving into how well/badly anybody predicted a certain economic future is a whole different can of worms.
That said: "The market can stay irrational longer than I can stay solvent." :p