Discussion in 'The Economy' started by Tropo, 12th Aug, 2011.
Video - Economist Nouriel Roubini Warns of Global Recession Risk Greater than 50 Percent - WSJ.com
Gee that guy paints a gloomy picture. At what point does a negitive media, feedback on the public sentiment, and cause them to be more fearful.
Don’t Listen to Economic Forecasters - CBS MoneyWatch.com
Who can predict the future? God and only God if there is a God!
Forecast is a guess work and any guess work is the reason we feel panic and euphoric in the market! Market keeps to beat each forecast down into the hell since no one could predict what each of us will do in the ruins and parties!
There are always black swans, which make the life and market full of uncertainties and any tiny difference in the input, output, and feedback would change the outputs in future!
I like the title itself very much. Don't listen the forecast but prepare for the worst and try all to get the best!
We could fail in the market but we don't want to fail in life and market for what we should do! We are not hopeless! We could turn the market as our offices and workshops if we really want.
Another point of view...
Prechter on CNBC
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