The following chart is from Societe General. It clearly shows how inept economists and analysts are at forecasting future economic conditions. This makes you wonder just how useful forecasts are and whether the recent banter about the “end of the recession” is at all pertinent to where the market is heading.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.