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Old 04-05-2009, 10:03 PM
Lyle
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Default Re: Financial Pneumonia

These guys don't sound like they are economic forecasters. They appear to only study the economy after-the-fact. Unless they were doing some government or private work on the side, they probably weren't trying to predict the future at the time.

However, there probably were economic forecasters who were telling their bosses the sky was going to fall, but they are not the decision makers in the corporate world; the corporate officers and board of directors are. Many corporate leaders probably didn't listen very closely to what some of their economists were probably telling them.

Last edited by Lyle; 04-07-2009 at 12:14 AM..
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