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John Jones
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However, recessions are damned hard to foresee. For professional economists maybe! But I saw the 2008 crash coming as did many others. It looked and felt so much like the Lawson boom of the late 80's that I felt that the pattern would be just a repeat. But the message from those who supposedly knew more was this time everything was different and the economy was under control! "What can possibly go wrong?" The same question was asked about the euro! So if Mr and Mrs Average can spot the looming dangers, maybe there is something wrong with the textbooks that are used in Universities these days? PS This non expert says we are on the brink of the next recession!
Toggle Commented Oct 12, 2015 on On forecasting recession at Stumbling and Mumbling
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Oct 12, 2015