Other Than That
8:45 AM, Jun 23, 2014 • By GEOFFREY NORMAN
Reporting on the Fed’s latest revision of its forecast on the economy (downward, of course) Pedro Nicolaci da Costa of the Wall Street Journal writes:
So what, one wonders, did they get right?
The answer may lie buried in an old witticism from John Kenneth Galbraith, which da Costa quotes, to the effect that:
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