Relevant:
- Bernanke is "Unusually Uncertain" - Is that an Improvement?
- "Nascent" Recovery or "Nascent" Economic Collapse?
- Economists Trim 2011 Housing Forecasts, Call for Recovery in 2012
- Bernanke says U.S. recovery on track, jobs to lag
- There is a difference between a housing "bottom" and a housing "recovery"
2012-08-25 — blogspot.com
Bernanke was wrong about housing, the recession, unemployment rate in the recovery, and he has admitted that he does not understand why the job recovery is weak. Yet, he is beholden to his own silly forecasts.
Why bother with forecasts? Why not flip coins instead? The results would be far more accurate.
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