Wall Street forecasters and professional economists often get it wrong during major turning points. In the first part of today’s Big Picture, Jim Puplava discusses why the “prediction job,” whether that be predicting a recession or major market top in 2018, has gotten even harder. That doesn’t mean people should just give up, however, because there are still some key elements to watch when it comes to formulating an outlook. In the second part, we discuss why “oil is well and good,” offering some greater context and strategy around comments made by Robert Rapier in the last program. Click here for a complete archive of our Big Picture podcasts.
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