What if Everyone Saw the Recession Coming?

A stopped clock is right twice a day.

Image for post
Image for post
Image courtesy of Gerd Altman

“…being right too soon is insignificantly different from just being wrong. And forecasters that are wrong when most of their community is also wrong never suffer for it…”

The indicators can be there, the potential sources of froth in the bubble can be ripe to spill over, and yet the timing on when these will occur can be difficult to predict. Never underestimate the ability of the government, the bankers, and the man behind the curtain to keep things going way longer than you ever thought possible.

I write about economics, technology and media. My views are my own.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store