If the conventional econometric model based on metrics like forward price-earnings ratios and a declining unemployment rate is so accurate, then why did it fail so completely, totally and utterly in predicting the 2008 meltdown?
A certain flavor…
If the conventional econometric model based on metrics like forward price-earnings ratios and a declining unemployment rate is so accurate, then why did it fail so completely, totally and utterly in predicting the 2008 meltdown?
A certain flavor…
By guest contributors Adam Butler and Mike Philbrick
May 10, 2011
Note from dshort: Adam Butler and Mike Philbrick are Directors, Wealth Management and Portfolio Managers with Butler|Philbrick & Associates at Richardson GMP in Toronto, Canada. We…