The Danger of Irrationally Optimistic Predictions

When people in authority set expectations about what is possible, it’s important to be truthful and realistic about what is possible… and by when.
Otherwise, things that society often takes for granted, like regular food and fuel supplies, can suffer bottlenecks in supply. That’s why unrealistically optimistic forecasts about the future – by political and corporate leaders – are causing real-world problems today.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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