One gets a sense that they are really too far behind on this one... Indeed I think they think it's all overblown and that their forecast from 6 months or a year ago or still more or less accurate
I'd hate to be a forecaster these days. You know they're in the shit right now. "sir, there's two modeled solutions: one where everything's great and we're in a severe recession, and the other is WW3." Job title: econometric forecaster: sounds f'ing boring, but right now it's pants-and-hair-on-fire like Wolf of Wall Street shit.
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