Economic Forecasting

Economic forecasting is the art of working out what everyone wants to happen and then saying that it will, loudly and in a confident voice, preferably while wearing an expensive looking suit. Economic forecasts are highly valued by governments, stock market investors, banks and other important people who will do whatever economic forecasters tell them to do despite the fact that all the available evidence proves beyond any reasonable doubt that the economic forecasts are worthless and that they would be better off rolling some dice or flipping a coin. The only consistently reliable economic forecast ever produced is that people will always pay ever increasing amounts for economic forecasts.