Wednesday, February 24, 2016

Top Economic Forecaster....

The economic cycle?
Joshua Shapiro who works for Maria Fiorini Ramirez Inc., was named by Bloomberg Markets not too long ago, as the most accurate economic forecaster on the U. S. economy.

In commenting on the award and his forecasting prowess, Mr. Shapiro famously remarked:

"I'm a big believer that life is a crapshoot.  There are so many random things that affect your life."

On the ball!!

The often-in-error, but never-in-doubt "navel-gazers" on the economic quant team over at NCUA....

Bull shooting?

... did not place in the rankings, despite holding a well-established reputation 
for crap shooting.

In commenting on their very noticeable absence, across all major categories of importance; a source, who requested to remain non-transparent in keeping with Agency policy, was quoted as saying:  

"Well, accuracy isn't necessarily the only - nor most important - measure in our forecasts.  At the Agency we often try to go beyond what the numbers clearly indicate. We frequently try to "calibrate" our forecasts to fit the overall agenda of the Agency.  The facts should not get in the way of us being a "team player"; so, we're very flexible in our analyses."  
"We are always sure of the worst, 
our forecasts are always colored..."

The NCUA team did receive an honorable mention for colorful economic maps....

No comments: