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Wednesday
May182016

Special report on predicting the financial crisis

Kaleidic Economics have released a report on the track record of the Austrian school in regards to predicting the 2008 financial crisis. It argues:

Although economic science is not well equipped to make predictions, it is a myth to claim that “no one” saw the financial crisis coming – the economic events that we have experienced were possible to navigate

To navigate an array of contesting claims, the main criteria used were as follows:

  1. Documented evidence must exist
  2. Studies must be right for the right reasons
  3. It has to be timely
  4. Put their money where their mouth was

There's even an appendix where I outline my own personal forecasts. Download the report here.

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