Cold Fusion Guy links a list of articles detailing predictions about how bad the recession is supposed to get, when it was supposed to ease, and one thing comes across very clearly; the econometrics gurus aren't doing so hot lately. So if you're thinking of taking their advise when starting a business, or especially when going into debt, a word to the wise; don't. Given that "man acts," as von Mises noted, prediction of the economy (especially by Keynesians) tends to be a fool's errand.
Especially since it's not just man who acts, but also God. I do not claim the gift of prophecy, but I have to wonder if a lot of this is His way of getting our attention.
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