The news is alive with an intensive variety of predictions, forecasts, and prognostications. Just like they were at the start of the epidemic. Most, if not all, of the disease’s models, turned out wrong, as you also know.
Now the discussion is turning; I believe it’s becoming about the economy and stock prices.
You may enjoy an example of past forecasts and predictions as a precursor of some of the nonsense you’re likely to hear, are you ready? Here we go….
- “You’ll never make any money out of children’s book.” – advice to JK Rowling from the editor at Bloomsbury Books, 1996.
- “It will be years – not in my time – before a woman will become prime minister.” – Margaret Thatcher, circa 1970
- “There is practically no chance communication space satellites will be used to provide better telephone, telegraph, television, or radio service inside the United States.” – FCC Commissioner, 1961
- “Space travel is utter bilge” – Richard Van Der Riet Woolley, Astronomer Royal, 1956
- “You better get secretarial work or get married.” – Emmeline Snively was advising Marilyn Monroe in 1944.
- “Atomic energy might be as good as our present-day explosives, but it is unlikely to produce anything very much more dangerous.” Winston Churchill, 1939
- “Stocks have reached what looks like a permanently high plateau.” – Irving Fischer, Professor of Economics, Yale University, 1929
We, Americans, always adapt, innovate, and conquer – keep the faith: Smile, hug someone, it’s ok.
Carlos Dominguez – CERTIFIED FINANCIAL PLANNER™, Portfolio Manager, RJFS
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Photo by Gary Butterfiled (my cropping)
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