Let’s talk about the difference between long-term and short-term forecasting. Both are critical to giving you an edge with your financial and business planning. But they’re entirely different beasts, and I explain why in today’s video.

Long-term forecasting is about identifying the fundamental trends that are important to the economy, and then projecting them into the future. And I’ll tell you, it’s easy to do (which I explain in the video, along with why I really do care about the longer-term cycles like the 500-year one)!

Short-term forecasting, on the other hand, isn’t about predictability (like long-term forecasting). Rather, it’s about probability, and that’s why you need an edge.

In fact, that’s one of many reasons why we have Adam O’Dell on our team. He’s probably one of the best short-term market players I’ve ever seen (to be clear, Adam isn’t a long-term forecaster).

Listen to today’s video. I elaborate and explain it all.

Harry
Follow Me on Twitter @harrydentjr

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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.