A glaring example of unexpected predicting failure is that of Irving Fisher. Regarded by colleagues as one of the greatest American economists ever, he is mainly remembered today for stating just before the Wall Street Crash of 1929, that the stock market had reached “a permanently high plateau”.
We are now experiencing the longest bull market in history! An internet search would give us many reasons for that. The two primary ones are:You need to login to view the rest of the content. Please Login. Not a Member? You can now sign up for $12 for a one-year membership. Join Us