PREDICTING THE ECONOMY

What do Robert Samuelson, Brad DeLong, Stephen Green, and I have in common? We’re baffled by the current economy and the effects political decisions may have on it.

Brad has published a lot more articles than I have, though.

FILED UNDER: Economics and Business
James Joyner
About James Joyner
James Joyner is Professor and Department Head of Security Studies at Marine Corps University's Command and Staff College and a nonresident senior fellow at the Scowcroft Center for Strategy and Security at the Atlantic Council. He's a former Army officer and Desert Storm vet. Views expressed here are his own. Follow James on Twitter @DrJJoyner.

Comments

  1. Steven says:

    I keep telling you: it’ a Weird EconomyTM. What more do you need to know?

  2. James Joyner says:

    True–I meant to link to one of those, actually. Although, really, one needs to have some fancy graphs and mind boggling equations to be taken seriously.

  3. Paul says:

    Ummmm Mr. PhD guy. (Guess that is DOCTOR PhD guy)

    Can you tell when in history the “experts” knew what the hell was going on in the economy?

    And I am not just being flip.

    As Zig Ziglar puts it, “Economists have accurately predicted 9 of the last 3 recessions.”

    Economists are far better at telling us why things happened in the PAST then they are telling us what will happen in the future. Which leads me to my question…

    If all these “experts” the economists, the PhD, the analysts etc. know so much, how come none of them made a killing in one of the markets and are spending their days sitting on a beach in the Caribbean right now?

    Maybe I’m just a simpleton. But we had a recession and some uncertain times. Now we are bouncing back. To expect every economic indicator to be pointing in the same direct during a transitional period is silly. (IMO)

    And while I ain’t got no PhD I can hazard a guess why the job market is sluggish. When Congress and the President go out of their way to pay people extra to not work…. They won’t.

    But I’m a simpleton.

    Paul