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Archive of entries posted on December 2019

What for 2020? What predictions? Do they mean a change in my investments? In a word, NO.

A few months, there was widespread fear of depression. The press was spouting gloom and doom. Trade Wars.  The inverted yield curve. The downturn in Europe. Populism in politics. We dodged the bullets (see here)  and stocks roared. The bottom line: Forecasting is worthless. In fact less than worthless. Jeff Sommer of the New York […]