Gwen Snyder is uncivilJul 12, 2023

Can we please, for the love of God, finally admit that mainstream economists are just astrologists for Wall Street bros

https://www.nytimes.com/2023/07/11/opinion/us-recession-yield-curve.html

Opinion | The U.S. Economy Looked Like it Was in for a Recession. It Wasn’t.

A tale of a disaster wrongly foretold.

The New York Times
Show threadWilliam Hughes

@gwensnyder

"The only function of economic forecasting is to make astrology look respectable."

https://www.goodreads.com/quotes/18586-the-only-function-of-economic-forecasting-is-to-make-astrology

A quote by John Kenneth Galbraith

The only function of economic forecasting is to make astrology look respectable.

Jul 12, 2023 at 2:52pmWeb