Phrase by 'Edgar Fiedler'
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The herd instinct among forecasters makes sheep look like independent thinkers.
Author: Edgar Fiedler - American EconomistLook , Business , Sheep , Independent
He who lives by the crystal ball soon learns to eat ground glass.
Author: Edgar Fiedler - American EconomistWisdom , Eat , Ground , Glass
If we're going to forecast the business cycle, surely it is a good idea to know the business cycle. Sounds reasonable, but it's not that easy.
Author: Edgar Fiedler - American EconomistKnow , Good , Business , Easy
To qualify as a recession, economic activity must decline in an absolute sense; a mere slowdown in real growth is not enough.
Author: Edgar Fiedler - American EconomistEnough , Real , Growth , Economic
Ask five economists and you'll get five different answers - six if one went to Harvard.
Author: Edgar Fiedler - American EconomistExpansions do not die of old age. The probability of recession in the following year is the same for a three-year-old expansion as it is for a five- or six-year-old expansion.
Author: Edgar Fiedler - American EconomistAge , Old Age , Die , Year
If you have to forecast, forecast often.
Author: Edgar Fiedler - American EconomistYou , Business , Often , Forecast
For a politician, the long term is between now and the next election.
Author: Edgar Fiedler - American EconomistLong , Now , Politician , Election
The public hasn't learned that businesses don't pay taxes: only people do. They're confused, and this makes an adviser's job all the harder.
Author: Edgar Fiedler - American EconomistPeople , Only , Job , Confused
There is no such thing as a riskless hedge against inflation.
Author: Edgar Fiedler - American EconomistAgainst , Thing , Inflation , Hedge
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