Economic Quote by Edgar Fiedler

The herd instinct among forecasters makes sheep look like independent thinkers..

— Edgar Fiedler

Forecasters tend to learn less and less about more and more, until in the end they know nothing about everything.

— Edgar Fiedler

For economist the real world is often a special case.

— Edgar Fiedler

When you know absolutely nothing about the topic, make your forecast by asking a carefully selected probability sample of 300 others who don't know…

— Edgar Fiedler

Ask five economists and you'll get five different answers - six if one went to Harvard..

— Edgar Fiedler

There is no formula that will guarantee success in forecasting, no magic words that will part the clouds. The real problem, as the old…

— Edgar Fiedler

If you have to forecast, forecast often..

— Edgar Fiedler

There is no such thing as a riskless hedge against inflation.

— Edgar Fiedler

In a sense, there are as many forecasting methods as there are forecasters. But I would argue that most projections are derived from two…

— Edgar Fiedler

We're not very good at forecasting, and we don't know how to measure the impact of economic policy.

— Edgar Fiedler

Experience shows that a recession is never the result of just a few large industries dragging the economy down while the others continue to…

— Edgar Fiedler

No one can escape the iron rule that once you make a forecast, you know you're going to be wrong; you just don't know…

— Edgar Fiedler