How much do you trust Economists and Forecasters?

Like you I read a certain amount of economic forecasts and share price forecasts. This was especially true when I was creating budgets for the next year- GDP forecasts were one of the few things we could identify to assist benchmark our plans.  I scoured research to provide some insight into what the future offered.

Once found, I didn’t take the time to actually verify the quality of sources, I had no idea how accurate they had been the in the past and whether the information was actually useful.… Read more