Tags » Business Cycle Dating Committee

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


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