Jan
03

Crystal Ball Economics

Last year I made predictions; some right others wrong. Unless you know how good my predictions were, valuing them going forward is meaningless. With that in mind, I am pleased to inform you that 24 of my 32 ‘11 predictions were correct; a batting average of .750. My average didn’t include predicting that the sun would rise in the east, or that the Pittsburgh Pirates wouldn’t win the World Series.

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