Why The Recovery Will Fall Short Of Forecasts
Michael Lebowitz, CFA
Portfolio Manager RIA Advisors, Author Real Investment Advice, Partner RIA Pro
Market pundits seem to have strong opinions about how fast or slow the economic recovery will be once it starts. Such clairvoyance is stunning considering the enormous uncertainty of the GDP forecasts for the current quarter, which is already two-thirds in the books.
If the world’s leading economists cannot come to any consensus about what is occurring here and now, why should we assume anyone has clarity for what lies ahead?