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The Problem With Forecasts

The Problem With Forecasts  The Problem With Forecasts We can’t predict the future – if it was actually possible fortune tellers would all win the lottery.  They don’t, we can’t, and we aren’t going to try. However, this doesn’t stop the annual parade of Wall Street analysts from pegging 12-month price targets on the S&P 500 as […]

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Expert That Correctly Predicted Market Moves In July, August And September Says Stocks Will Crash In November

Expert That Correctly Predicted Market Moves In July, August And September Says Stocks Will Crash In November When someone is right over and over and over, eventually people start paying attention.  Personally, I have learned to tune out the “forecasts” of most “economic experts” out there.  As an attorney, I was trained to be skeptical, […]

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U.S. Department of Energy: Our forecasts aren’t really forecasts (or are they?)

U.S. Department of Energy: Our forecasts aren’t really forecasts (or are they?) Put this in the category of things that can’t be true, but that are nevertheless affirmed with a straight face: The U.S. Energy Information Administration (EIA), the statistical arm of the U.S. Department of Energy, does not issue forecasts, at least not long […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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