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Is it not true that economists like it both ways?

There is a basic problem with economic forecasting, and that problem is insuperable.

Here is the problem: Economics is only a behavioral science, and human behavior is famously impossible to predict. 553 more words

Cambodia

U.S. recession declared official

By Calvin Palmer

What the world and his wife has known for ages – the U.S. is in recession – has finally been made official by the National Bureau of Economic Research. 394 more words

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