Understanding the current state of our economy and the variables driving our current economic climate is a very difficult task. The reason why is best explained by a quote from one of my most favored professors, Christopher Mushrush: “If you want to have a job which allows you to be 100% wrong 100% of the time, be an economist!” With that being said, no matter which chief economist from whichever firm anyone references, the most important thing to consider is: when listening to these individuals try to understand how their statements relate to the laws of Economic Theory. To accomplish this, one must have an understanding of Economic Theory.
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