HOW IS GLOOM AND DOOM DOING AS A PREDICTOR OF FUTURE EVENTS...AND TRENDS...? VERY, VERY WELL, THANKS!!
AND...GUESS WHAT? YOU CAN CHECK!
DON'T JUST TAKE OUR WORD FOR IT...!
PICK A MONTH...ANY MONTH...FROM OUR ARCHIVES ON THE RIGHT HAND SIDEBAR...
AND READ WHAT GLOOM AND DOOM SAID...LAST YEAR...OR MANY YEARS AGO...!!
CONSIDER:
TOM FRIEDMAN...DAVID BROOKS...AND OTHERS HAVE THE ASSURANCE THAT WHAT THEY WRITE WILL BE WRAPPING NEXT WEEKS GARBAGE ... AND OUT OF SIGHT...OR AT LEAST HARD TO FIND IN THE FUTURE...
SO THE PRINT MEDIA PUNDITS...CAN REST ASSURED THAT PEOPLE WILL NOT BE ABLE TO CHECK UP ON THEM ...MONTHS OR YEARS LATER...
TAKE THE GLOOM AND DOOM CHALLENGE :
READ A SELECTED MONTH'S ARCHIVE... PICK ANY ONE...OCTOBER 2005...JANUARY 2007...WHATEVER.
YOU WILL LIKELY BE IMPRESSED AT HOW PRESCIENT...AND ACCURATE THE COMMENTS AND PREDICTIONS WERE...
AND ARE EVEN TODAY...! BUT IS THAT REALLY WHAT PEOPLE WANT...? OF COURSE...!
YOU MIGHT EVEN THINK THAT SOMETHING WRITTEN IN 2006 OR 2004... WAS WRITTEN LAST WEEK!!
AND IT PROBABLY WAS...IN ESSENCE...BY KRUGMAN, BROOKS OR ONE OF THE OTHER MORE ACADEMIC PUNDITS...IN THE MAINSTREAM MEDIA...
IF GLOOM AND DOOM WAS RIGHT WAY BACK THEN...DOESN'T THAT MEAN WE COULD BE RIGHT NOW...? IT COULD HAPPEN...IN FACT IT WILL HAPPEN...
HOW DOES GLOOM AND DOOM STAY SO ACCURATE...?
QUITE SIMPLY...BY STICKING TO A LONG HISTORICAL VIEW...AND KEEPING BASIC MARCO ECONOMICS 101 AS THE PRIMARY PREDICTOR...
NO "NEW ERAS"....NO "ITS DIFFERENT THIS TIME..."
BOOKMARK THIS BLOG...
AND CHECK BACK PERIODICALLY...TO SEE WHAT YOU WILL BE READING IN THE NEW YORK TIMES...NEXT YEAR... AND THE YEAR AFTER THAT...
AND OF COURSE THE PRICE IS RIGHT... (JUST LIKE WITH THE ON-LINE NYTs!)
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