Making fun of predictions

This year's theme is "where has the future gone?" to try to understand why some predictions fail, and why others end up happening. I couldn't resist posting the recap of 2008's Worst Predictions:

Business Week hosts an article on some of the worst financial predictions from 2008. We know that hindsight is 20/20, but still these are pretty bad. Among the many gems...
• The National Association of Realtors declared that "Existing-Home Sales to Trend Up in 2008." Perhaps their graph was upside down?
• In July, President Bush said he believed the economy was growing. The opposite turned out to be true, as a recession was already well underway.
• A Wall Street analyst proclaimed that AIG "could have huge gains in the second quarter." A few months later, the U.S. government would take over the troubled company.

Link

Yes, with hindsight it's easy, but also so much fun.


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