John Mauldin’s latest commentary on global finance and investing analyzes the economic predictions of public and private sector economists. From start to finish, Mauldin demonstrates why he entitled his article Economist Are (Still) Clueless. They are either always wrong and always late. Just think, our banking system is guided by economists at the Federal Reserve Banks and expert on predicting recession–National Bureau of Economic Research (NBER)–has presented its official warnings of economic recessions after they were nearly over.
To read his article, go to Mauldin Economics. I wonder if John will change the name to Mauldin Financial Research?