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The 10 Worst Economic Predictions Ever

From zerohedge.com

From Bernanke's infamous 2008 "not forecasting a recession" call to Fannie Mae CEO Franklin Raines 2004 "subprime assets are riskless" commentary, the following 10 "predictions" - as opposed to Wien "surprises" - will go down in infamy for their degree of errant-ness... 10) Ben Bernanke, 10th January 2008 - "The Federal Reserve is currently not forecasting a recession." A few months later, United States entered one of the wort recessions ever. 9) Herbert Hoover 1928: "The United States are nearer to the final triumph over poverty than ever before in the history of any land." The Great Depression started a year ... (full story)

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