tag:blogger.com,1999:blog-2974725225114485009.post6861308679961972393..comments2023-10-20T07:24:00.534-07:00Comments on His Story is Bunk: Inequality of ThingsPatrick Sullivanhttp://www.blogger.com/profile/14948365865741313524noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2974725225114485009.post-67457952090484235752014-08-02T20:31:13.050-07:002014-08-02T20:31:13.050-07:00Macroeconomic prediction is a always a combination...Macroeconomic prediction is a always a combination of generalization and chart following. More exactly<br />(1) Construct a graph of some category in constant dollars,<br />(2) Opine on what will happen if that trend extends unimpeded into the future.<br /><br />Do that with the stock market, and you will almost always lose your investment, except for the broadest index funds.<br /><br />Most things may or may not happen, but I sleep better knowing that experts are watching closely and will tell me how things are working out.<br /><br />Andrew_M_Garlandhttps://www.blogger.com/profile/02855052302054611917noreply@blogger.com