There is NEVER, EVER any consequences for the “expert” class who gets things so terribly wrong.
Here is a little bit from April:
https://www.ccn.com/u-s-stock-market-crash-hasnt-even-begun-yet-warns-hedge-fund-chief/
https://www.ccn.com/70-of-investors-the-coronavirus-recession-will-be-worse-than-2008/
https://www.ccn.com/dow-jones-just-did-something-unseen-since-2008-and-its-not-good/
Not a single one of them will acknowledge, “hey we were wrong.” They just move on to the next doom and gloom story.
That’s par for the course for all of the media today. Not just the financial media. I just don’t know what we can do about it. People who fail at their soothsaying are never held to account.
The polls weren’t held to account in 2016.
The “experts” who predicted the COVID gloom were not held to account.
The “financial experts” are not held to account.
NO ONE is held to account for lying and being wrong. They just move on like nothing happened.
The real problem is that the media only publishes the half of the predictions that they want us to hear.