It’s all so convoluted. I’ve spent years researching the economy, monetary policies, bond yields, monetary stimulus, market trends and so forth...here is what I deduce from it all.
These so called financial experts, analysts and economists have no clue what they’re doing. It’s all flying by the seat of their pants.
That’s my analysis. I’m not a fiduciary, but I did stay in a Holiday Inn Express last night. lol
Seriously though, for every opinion or piece of research touting something...you’ll find the complete opposite opinion simultaneously. So lends itself to confusion.
Just listen to the “not so federal reserve” and how they articulate a point. You cannot definitively put your finger on a direction or solid policy...at all.
They pontificate and milley mouth.
Bfl
Yes and when all the experts agree they are all on the same side of the boat and you can expect the opposite.
For example all the experts predicted higher interest rates earlier this year and the 10-yr yield has been lower by 0.5%
That can be said about most any subject, especially for the past few decades.
“ These so called financial experts, analysts and economists have no clue what they’re doing. It’s all flying by the seat of their pants.”
It’s awfully hard to accurately predict the behavior of the population and the economic activity that will occur as a result. That doesn’t mean it isn’t worth a try. But due to differing schools of thought and political agendas not only do different economists disagree about what is going to happen, they can’t even agree on what HAS ALREADY HAPPENED and why it did.
If you want a firehose of information done in an entertaining way check this out:
There is a “round two” available that is almost as good.