Lots of economists jokes come to mind. Economists who forecast with a crystal ball must learn to eat crushed glass. Economist forecasts–seldom right, always confident.
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And my favorite, the classic “Economists have predicted 9 out of the last 5 recessions.”[/quote]
Hey, what goes up, must come down. Timing might be off sometimes, but hey, that just means the prediction is ahead of its time. Lol.[/quote]
nah, this time is different
what could possibly go wrong?
[quote] Special Report First Quarter 2017 Emerging Trends
Investors Dial Back Transactions Amid Murky Policy Outlook; Clarity, Healthy Fundamentals Likely to Revive Activity
Investors scale back activity as market recalibrates to higher interest rates and awaits clarity on government policy. The November election sparked a rapid rise in interest rates and introduced a wide range of prospective reform initiatives. Proposed changes to fiscal, tax and regulatory policies raise a host of questions that will influence investor decisions. Over the first two months of 2017, early estimates place commercial real estate transactions down by 20 to 25 percent compared with the same period last year. This comes on the heels of an estimated 15 percent decline in the fourth quarter.
A new analysis shows San Diego’s finances are still plagued by pension debt despite efforts to solve the problem with a 2012 ballot measure and revised policies at City Hall.
The analysis says San Diego’s annual pension payment is five times higher than it should be, $325 million versus $63 million, because of $2.5 billion in pension debt caused by “underfunding” in the early 2000s, poor investment returns and increases in how long employees are living.
The analysis, created by city finance officials, says a payment that large makes it difficult for the city to balance its budget except in years with flush revenues.
