One of Wall Street’s most closely watched voices delivered a blunt message to peers and policymakers: The U.S. economy is not faltering—it is accelerating. Torsten Sløk, chief economist at Apollo Global Management, said forecasts of an imminent slowdown have been repeatedly wrong, and the economics profession should start grappling with its track record of misjudgments.
“The consensus has been wrong since January,” Sløk said in a note circulated to clients Wednesday morning, adding that the average of economists’ forecasts has said the U.S. economy would slow down for nine months running. “But the reality is that it has simply not happened … We in the economics profession need to look ourselves in the mirror.”
fortune.com
The dimwit sector of society has been influenced the leftwing media 'go-to' economists like Mark Zandi of Moody's who has been wrong on every s doom-and-gloom prediction he's made about the Trump economy. We heard over and over "Recession coming by July 4". or Zandi's "We are at the precipice of recession". or Nobel prize winner, leftwing Paul Krugman predicting a deep recession during Trump first term. The stock market has always told a different story. Trump's DJIA has set record after record in recent weeks.
Finally a true economist, Torsten Sløk, is telling the truth about what is happening. The economy is going the way it appears. Everything is roaring, and we are on the precipice of a huge economic boom. Just like Trump said. People, please believe in what you see and feel, and not what the leftwing media tells you to believe.
“The consensus has been wrong since January,” Sløk said in a note circulated to clients Wednesday morning, adding that the average of economists’ forecasts has said the U.S. economy would slow down for nine months running. “But the reality is that it has simply not happened … We in the economics profession need to look ourselves in the mirror.”
The economy is just getting stronger, not weaker, and ‘we in the economics profession need to look ourselves in the mirror,’ top analyst says | Fortune
“The consensus has been wrong since January,” Apollo Global Management chief economist Torsten Sløk wrote on Wednesday.
The dimwit sector of society has been influenced the leftwing media 'go-to' economists like Mark Zandi of Moody's who has been wrong on every s doom-and-gloom prediction he's made about the Trump economy. We heard over and over "Recession coming by July 4". or Zandi's "We are at the precipice of recession". or Nobel prize winner, leftwing Paul Krugman predicting a deep recession during Trump first term. The stock market has always told a different story. Trump's DJIA has set record after record in recent weeks.
Finally a true economist, Torsten Sløk, is telling the truth about what is happening. The economy is going the way it appears. Everything is roaring, and we are on the precipice of a huge economic boom. Just like Trump said. People, please believe in what you see and feel, and not what the leftwing media tells you to believe.
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