Did you know that economists are wrong? Like a lot? 

To boot, did you know that most of the great economists in this world work for the private sector. Sure, some come and go into the public arena to go into the government, academia or media spots. But most of the talent is with corporate America.

Why? Like anything else, it’s where the money is. 

What does this mean for you? It sometimes can mean that you can tune out what the talking heads are all trying to tell you on a daily basis. 

Economic predictions are much more nuanced than a sound bite or a simple job report. It requires a study of history.

Luckily, I LOVE this process but let’s make one thing clear: I do not have a crystal ball. 

But I know enough to be “dangerous” in an economic discussion. 

I can tell who is too confident in how they speak about the subject. Economics is more than sound bytes. It’s very complex.

Keep in mind that economists are pretty much the only profession where you can be right only 20% of the time. What I mainly do is watch the larger corporations. After all, they attract some amazing economic talent and they are less likely to sugarcoat things for political purposes. 

And if you know me at all, you know don’t sugarcoat things and call them like I see ‘em. No nonsense, just good advice! Always!