Bad Economic Predictions

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Leisher
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Re: Bad Economic Predictions

Post by Leisher »

GoPro is teetering on the brink.

It was a really niche market. I don't think they knew that though...
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TheCatt
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Re: Bad Economic Predictions

Post by TheCatt »

It was (is?) the dominant product in that category, it was awesome. Guess knockoffs have come for it.
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Leisher
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Re: Bad Economic Predictions

Post by Leisher »

Knockoffs and laziness really.

I wonder if they had the foresight to do dashcams, if they'd be more profitable now.
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Leisher
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Re: Bad Economic Predictions

Post by Leisher »

“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
Leisher
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Re: Bad Economic Predictions

Post by Leisher »

I don't remember his stance, will this make Gordon right?

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TheCatt
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Re: Bad Economic Predictions

Post by TheCatt »

Gordon thought the economy would enter a depression. Not just a recession. He thought the economy had fundamentally changed, would never heal, etc.

I do not think he was right, or that this would make him right.

Economists have called 17 of the past 3 recessions.
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Leisher
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Re: Bad Economic Predictions

Post by Leisher »

TheCatt wrote: Tue Jun 09, 2026 2:08 pm Economists have called 17 of the past 3 recessions.
I laughed.
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TheCatt
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Re: Bad Economic Predictions

Post by TheCatt »

Leisher wrote: Tue Jun 09, 2026 4:57 pm
TheCatt wrote: Tue Jun 09, 2026 2:08 pm Economists have called 17 of the past 3 recessions.
I laughed.
This one isn't as good. But, how do you get 3 opinions on the economy? Ask 2 economists.
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