Thursday, March 26, 2009
"Adding a does of humility to his assessment, Mr. Bernanke conceded, 'My forcasting record on this recession is about the same as the win-loss record of the Washington Nationals.' The Major League Baseball team had 59 wins and 102 losses last year, the worst in baseball", Jon Hilsenrath at the WSJ, 11 March 2009.
Barron's was wrong, see my 25 January 2008 post: http://skepticaltexascpa.blogspot.com/2008/01/forward-guidance.html. . Zimbabwe Ben (ZB) tell us he's correct 36.6% of the time. Let's assume he's correct. Who needs him to do anything? ZB, go the showers!