RE: whats going on15 Jun 2022 11:06
They were perhaps not examples of his best forecasts, but I didn't have the time to hunt down any more.
But even the best forecasters can get things wrong. This came out yesterday and it is about how top US economists, The Fed and the Treasury got it wrong -
"Inflation-Deniers Are Finally Admitting They Were Wrong"
"The alternative financial media called the establishment out on their lies and we provided an endless array of evidence to support the position that an inflationary crisis was in fact imminent. We were called "conspiracy theorists" and "doom mongers" in response. Now comes the time of reckoning. We were right, they were wrong, but they'll still try to convince the masses that THEY are the proper people to solve the problem even though they used to deny it even existed"
https://www.zerohedge.com/economics/inflation-deniers-are-finally-admitting-they-were-wrong
Optimus, this was also in that article, perhaps you have a bit of respect for their views -
"JP Morgan CEO Jamie Dimon and Goldman Sachs President John Waldron both openly voicing concerns about economic disaster".
Will they be proved wright or wrong? Who knows.
So, we must just wait and see how things turn out. Obviously I don't want to see total financial collapse as that would be devastating for society, but I try to keep my eyes open and read wide range of views.
Just one last extract from that "Inflation-Deniers Are Finally Admitting They Were Wrong" artcile -
"Yellen's announcement is specifically concerning because administration economists are usually the last to admit economic mismanagement or mistaken predictions, because their jobs depend on the public remaining uninformed. Yellen is also in a unique position of being unable to deny personal involvement; as a former Fed official she directly presided over some of the most egregious inflationary actions in the central bank's history. If she is admitting that she was wrong, then the system must be on the verge if an epic downturn.
The problem with such admissions is that they are often followed up with disinformation. The current narrative is to blame Russia "
That is why I like to read a wide range of views - to see through the bluff we get from our rulers.
I didn't expect to get dragged into this debate, but one last word - I wasn't trying to suggest that doom is on the way for DELT. (Bob Moriarty said put your money into things with real assets - and I see DELT's NS assets as fitting in with that)
I am in DELT to make money and I exercised my critical thinking skills and forecasting skills in weighing up the prospects for DELT. I concluded that the sp will go up, so I hope that even if I was led astray by those writers, my own forecasting skills turn out to be right in the case of DELT.