I must make one statement before I go on any further, for I believe it needs to be said as to clarify my intentions in writing the above headline. Let me first express my sincere apologies to weather-rock weathermen everywhere. At least you understand why the rock may, or may not, show signs for contemplation. The others have demonstrated far too many times by their own proclamations of analysis – they have no clue.
Let me put out another premise that should not be lost on anyone trying to figure out what they’ll both do in their business, as well as – with it. Because, unlike those of us that live and die by the decisions we need to make when it comes to pricing, inventories, labor, location, etc., etc. An economist not only is usually not on the same page as you or I. In most cases one can argue: they may not even be on the same planet.
Continue reading “The Fed And Most Economists Are Nothing More Than Glorified Weather Rock Analysts”
