Today I want to talk to you about the hardest part of forecasting…

There’s an important distinction between our long-term forecasting, which is deterministic – we can project when spending will peak and cycles will bottom – and short-term forecasting, in which we must take into consideration so many more variables.

That’s why I always have two scenarios. And it’s essential to do this because there’s no way to predict the short term as accurately as we can the long term.

As it happens, right now we have numerous scenarios playing out, so listen to this week’s video to get all the details.


Harry
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Harry Dent
Harry studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of the profession that he turned his back on it. Instead, he threw himself into the burgeoning New Science of Finance, which married economic research and market research and encompassed identifying and studying demographic trends, business cycles, consumers’ purchasing power and many, many other trends that empowered him to forecast economic and market changes.