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Why Did Economists Get It So Wrong in 2011?

Discussion in 'The Economy' started by Tropo, 14th Feb, 2012.

  1. Tropo

    Tropo Well-Known Member

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    Why Did Economists Get It So Wrong in 2011?
     

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  2. wdongli

    wdongli Well-Known Member

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    That is a question no one really could give a perfect answer. Why? Economies are not the matters you could hire some labors to work for something by following the tech specification with tight tolerance control. Economists are human and they just could not see what would happen at extremes.

    Why do so many people ask this kind of questions without any expected answer? Selling the words for cash flow or nothing to do for twisting the words. If and only if all of economists fail to predict the future always, could you make your fortune in the market? If not, it doesn't matter why these economists just don't get their job down. If yes, it also doesn't matter why...

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    So what we could focus on? what questions we should ask? why do we ask questions? It is useless we look great but never make big enough money! We fail before economists fail to check their words in future and we could not sell our questions for cash flow too.

    So what's for? It is a question no too many really care about in the market but it would affect our behavior and results, like or dislike it! Is the art to win in the war?

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    Could you believe someone who just predict what would happen? Do we know what's difference between tech and art? Do we know war even the winners have to pay some cost?

    Last 150 years the world wealth has increased for nearly 99% and the cost was millions of people lost some money in it. Don't believe that? Internet makes impossibilities become true but how many have lost this huge data base?

    Not just economists have got lost since the dynamically changed world but too many in the market too! Do you know in your grand fathers' time, everything could be predicted quite accurately even the jobs was also very stable.

    An Engineer didn't need to update his knowledge and could get reasonable life then but now it is impossible. Even the posters here could get some right or wrong ideas much easier from the internet! Things change too quick and nothing really could change except insanity fluctuates constantly among the losers!

    Why do you become poorer? Are the economists or you make it become true?
     
    Last edited by a moderator: 15th Feb, 2012