To: mad_as_he$$
The whole "unexpected" thing is the result of journalists, in my opinion, but this author deals with it also:
In part, it is because few of the economists engaged in serious science spend any of their time connecting to the outer world . . . , leaving that to a group almost defined by its willingness to make exaggerated claims about economics and overrepresent its ability to determine clear answers.
7 posted on
07/03/2010 6:58:57 AM PDT by
1rudeboy
To: 1rudeboy
In general I think you are correct. However, several of the econs publish their predictions about where the economy is going and for the most part they are flat out wrong - especially the ones who work for the government or the Federal Reserve. Several of the big banks publish forecasts also and they are about 75% wrong.
12 posted on
07/03/2010 7:04:32 AM PDT by
mad_as_he$$
(Sometimes you have to go to dark places to get to the light....)
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