from MacroScope:

The perils of predicting BoE policy

February 8, 2011

BRITAIN/As we’ve noted extensively, economists often get it wrong. Leaving aside their collective failure to recognise an impending global recession, you might recall a shock interest rate hike from the Bank of England in January 2007.

from MacroScope:

Economists vs the zero barrier

January 25, 2011

USA-FED/Anyone involved in financial markets on a day-to-day basis will be familiar with bits of jargon like “breaking the psychological barrier”, “passing key resistance levels,” and even “magic numbers”.