01-05-2016, 05:47 PM
(This post was last modified: 01-05-2016, 05:48 PM by Dividend Watcher.)
Sort of like the old saying that "economists predicted 8 out of the last 5 recessions". Interesting read but, you're right, everyone had their own opinions.
I'm not sure that there's a set of empirical facts to predict anything as large and complex as a national, let alone world, economy. For example, sometimes tax cuts stimulate spending and other times they stimulate deleveraging. Too many variables to come up with with a definitive answer.
I'm not sure that there's a set of empirical facts to predict anything as large and complex as a national, let alone world, economy. For example, sometimes tax cuts stimulate spending and other times they stimulate deleveraging. Too many variables to come up with with a definitive answer.