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this post was submitted on 17 Oct 2023
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Economists have predicted 20 of the last 5 recessions...
Economics is great at explaining why something happened or what may happen in the future but complete shit at predicting when something will happen.
For a decade in the run up to the 2008 housing crash everyone was saying it was just around the corner but they were wrong for 9 of the 10 years.
If every year you predict the world will end or the market will crash, eventually you will be correct...
A broken clock is right two times a day.
A slow running clock is still broken but technically right even less often. I use that metaphor at work to describe bad co-workers.
You guys ruin everything. I hope you're happy.
Yikes