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Economic Cycle Research Institute (view source)
Revision as of 21:13, October 1, 2011
, 21:13, October 1, 2011→Notable blemish in their economic forecasting track record
The [[International Monetary Fund]] wrote: “ECRI ‘has actually had a very stellar record’ in forecasting recessions.”[http://www.businesscycle.com/aboutecri/approach]
The [[International Monetary Fund]] wrote: “ECRI ‘has actually had a very stellar record’ in forecasting recessions.”[http://www.businesscycle.com/aboutecri/approach]
== Notable blemish in their economic forecasting track record ==
== Blemish in their economic forecasting track record ==
The ECRI missed calling the recession that began in 2007, as well as the strength of it.[http://globaleconomicanalysis.blogspot.com/2011/09/ecri-calls-recession-based-on-contagion.html]
The ECRI did not declare that a recession had begun until March 2008, three months after it officially began in December 2007. Years later this became the focus of an online debate during the "double-dip" scare of mid-2010.
[http://globaleconomicanalysis.blogspot.com/2011/09/ecri-calls-recession-based-on-contagion.html]
[http://www.ritholtz.com/blog/2010/08/scientistic-fiction/]
== External links ==
== External links ==