Economic forecasting is a science plus an art. You will be surprised to find out that there are many central banks who get their economic forecasts wrong most of the time. This includes the FED and the Bank of Japan. The best forecaster is the International Monetary Fund (IMF). But IMF is not a central… Continue reading List Of Central Banks That Get Their Economic Forecast Right Mostly
Tag: central banks
The Ability To Pilot Economies By Central Banks Is In Doubt
Central banks are meeting more often now. But many experts now question the ability of central banks to pilot their economies. FED is being blamed by many experts for giving birth to past financial crisis. For example Alan Greenspan let the real estate bubble grow. He didn’t do anything to burst it. Bursting the real… Continue reading The Ability To Pilot Economies By Central Banks Is In Doubt