Forecasters are notorious for missing major turning points in the economy."
Only those employed by the NY DNC Times and other Dinosaur Media outlets
If they really want to do some brainiac economic forecasting, they should research the slide of the Old Grey Lady's stock price towards oblivion. It's like watching a train that has run off the end of a collapsed bridge.
http://finance.yahoo.com/q/bc?s=NYT&t=5y
Wow, you sure nailed it F.C. Happy New Year to you and yours!