Outside The Box: Hoisington Quarterly Review And Outlook: Fourth Quarter 2014
February 12, 2015 at 13:01 PM EST
Forecasting is a singularly difficult task and is more often than not fraught with failure.The Federal Reserve has some of the smartest economists in the world, and yet their forecasts are so wrong so often that some have pointed out that it’s almost statistically impossible to be as bad as the Fed.
