Sunday, May 22, 2011
Mark Zandi's Prognostication Prowess
I came across this at Ritholz, which noted that popular Keynesian economist pundit Mark Zandi has a horrible track record. The problem with pundits is that rarely do people care, and like Jim Cramer you just predict so often it's not obvious what your forecasts were.
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2 comments:
People care when you're bearish and wrong. Much more tolerance for bullish and wrong.
Zandi has mastered the kind of dull-and-impersonal-but-likeable-and-authoritative persona. Sort of like a weatherman. And nobody expects him to be right, that's not the point.
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