Global Capital Reserves: Economists Are the Worst Prognosticators

Tuesday, January 4, 2011

Economists Are the Worst Prognosticators

"Attempting to invest on the back of economic forecasts is an exercise in extreme folly, even in normal times. Economists are probably the one group who make astrologers look like professionals when it comes to telling the future." -- James Montier, GMO

Recommended Book List

Analyse Technique et Volatilite (english version here)- Philippe Cahen
Analyse Technique et Volatilite - Philippe Cahen
Bollinger on Bollinger Bands - John Bollinger
Candlesticks Explained - Martin Pring
Creature from Jekyll Island, The - G. Edward Griffin
Creature from Jekyll Island, The - G. Edward Griffin
Disciplined Trader, The: Developing Winning Attitudes - Mark Douglas
Dynamic Technical Analysis - Philippe Cahen
Enclyclopedia of Technical Market Indicators, The - Robert Colby
High Probability Trading - Marcel Link
Phantom's Gift
Psychology of Risk, The - Ari Kiev
The Ascent of Money - Niall Ferguson
Trading in the Zone - Ari Kiev
Trading in the Zone - Mark Douglas
Trading to Win - Ari Kiev

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Tuesday, January 4, 2011

Economists Are the Worst Prognosticators

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