Wall Street Economists Publish Economic Predictions Research Results
Wall Street Economists announced the publishing of Economic Predictions Website - an academic not-for-profit research project. The results of the research are published for free public access and comments. The goal of the project is to promote the knowledge, development and accuracy of economic research and financial journalism.
The research team decided to study the subject and see who are these experts? Did they actually predict the financial crisis or just claim that they did? Why did the other experts miss the crisis? What lessons can be learned from these two important years in history?
The research identified at least three early warnings by Dean Baker, Med Jones and Peter Schiff.
The project attempts to provide answers to the following five sets of research questions:
1. Why did the world's top economists fail to predict the financial crisis? Was the crisis predictable or was it a Black Swan (unpredictable) event? Are government policy makers competent enough to manage the nation's financial freedom and security? Are economic policies helping or hurting the economic growth of their nations? Do universities need to re-define the education of economic science and the role that economists play in financial markets, government policies and business regulations?
2. Who are the people to blame for the financial crisis? Can they be held responsible for their actions or in-actions? Was there a conspiracy by some Wall Street executives and government officials? Do investors have legal cause to seek compensation for damages caused by Wall Street firms?
3. Who predicted the financial crisis and the ensuing economic crisis? Is there a documented evidence supporting their claims? Were those who warned about the crisis lucky or did they have a clear logic behind their predictions? Can other economists and investors use their knowledge to predict future crises? What are their future predictions? How do their predictions compare to each other? Where do the experts agree and where do they disagree? How accurate are their economic predictions? Can they be relied on for investment decisions?
4. Who are the top winners and losers of the financial crisis? The list include top investors, economists, intellectuals, government officials, think tanks, and universities.
5. What are the lessons that can be learned to avoid future crises? What are the economic policy lessons? What are the investment lessons? Do markets need more or less financial regulations?
The research results are published at
and its mirror site
Wall Street Economists is an academic not-for-profit research project published for free public access and comments