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Old 05 June 2014, 02:00 AM
Steve Steve is offline
Join Date: 19 October 2002
Location: Charleston, SC
Posts: 4,906

Originally Posted by Dr. Winston O'Boogie View Post
The weather analogy is a terrible one. If we can accurately predict a hurricane, we can avoid some of the consequences - death and destruction - but we can not stop the hurricane. If we can accurately predict a recession, then we can modify the factors that would create the recession and stop the recession.
But the analogy was meant to show why recessions, like hurricanes, are difficult to predict. It had nothing to do with the consequences of making such predictions.
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