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…
It’s now in the official house organ of the Fed, the Washington Post. Bernanke will be doing the Twist, and not at a Bar Mitzvah.
http://www.washingtonpost.com/business/economy/fed-considers-buying-more-long-
term-treasury-bonds-to-lower-mortgage-rate…
