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- May 10, 2013 - The truth about economic forecasting
The truth about economic forecasting
Here is today's recommended reading list from Equitymaster...
The truth about economic forecasting
If things like crystal ball gazing and reading palms is considered an exercise in futility, we don't understand why economists are held in such high esteem? After all, their record in successfully predicting macroeconomic events is as bad if not worse. Maybe it's their polished talk and the confidence they exude even while making absurd economic forecasts. Thus, we believe economists would be better off removing their forecasting hats. Read on to find out the areas they could possibly focus on instead of forecasting. (Ludwig von Mises Institute)
Japan showing sign of revival?
In order to combat deflation, the Japanese government has taken steps towards revival and touching inflation an level of 2% in two years. The pro inflation policies seem to show some positive signs. Read on to find out about this new development and how can this be positive for Japan? (The New York Times Company)
Is the US economy heading towards recession?
While the Dow Jones Industrial Index may have soared above the 15,000 mark, a dozen fundamental indicators as pointed out by respected researcher and author of 'The beginning of the End', Michael T Snyder, makes us ponder about an impending US recession. Read on to find out more. (The Economic Collapse)
The ways to avoid behavioral biases while taking investment decisions
A study conducted at University of California has found strong evidence that investors have behavior biases that often affect their investing decisions, even more than empirical data. The article states four such biases that are commonly found while taking investment decisions. Read on to find out... (Investopedia)
Should Bitcoins be regulated?
Recently, bitcoins have witnessed increasing preference especially from various traders and investors. Though the use of bitcoins has been increasing globally, there are certain risks associated with the same. This raises the question as to whether bitcoins should be regulated? Read on to find out more on this subject. ( New Statesman)
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