Why I distrust the collective experts

Parent Cafe
1

<p>They can’t even get a simple recession forecast right a few months in advance and with the wind of 1000 pundits and media at their backs. This is a minor miracle.</p>

<p>"The U.S. Commerce Department reported today that the U.S. economy grew at a revised 0.9% annual rate in the first quarter, slightly better than previously thought because of lower demand for foreign goods and services and a pickup in non-residential building.</p>

<p>A month ago, the department estimated that the gross domestic product, which measures the total output of goods and services within the country, grew at a 0.6% rate."</p>

2

<p>Lots of US goods going overseas due to the weak dollar.</p>

3

<p>And lots of foreign investment into the US, including buying what is seen as undervalued real estate. Ain’t it great?? So what if they have to raise the price of a BMW or French wines, or gas. It’s all good in the long run.</p>