Saturday, January 8, 2011

2011 Warcast

Jed Babbin, RealClearPolitics
Economic forecasters are now much taken with what they call the "black swan" theory. A "black swan" event is one that is not only rare and of extremely high impact but is - retrospectively - entirely predictable. In other words, even though a "black swan" event is a rarity, it's something we should have expected and planned for, but didn't.Every December and January, pundits and Wall Street analysts engage in a festival of predictions on the economy, politics and the next round of elections. It's much more dour to forecast the fortunes of war, but...

Source: http://www.realclearpolitics.com/articles/2011/01/08/2011_warcast_108473.html

Calvert, Ken Camp, Dave Campbell, John Cantor, Eric Cao, Anh \"Joseph\'\'

No comments:

Post a Comment