Rocky Mountain Voice

Tag: Economic Forecasting

Economists Miss Again as Trump Economy Defies Gloomy Forecasts
Fox News, Approved, Commentary, National

Economists Miss Again as Trump Economy Defies Gloomy Forecasts

By Stephen Moore | Commentary, Fox News Professional forecasters underestimated GDP growth by nearly 50% as third quarter hits 4.3% despite predictions of economic slowdown. Well, Donald Trump has done it again! He stumped the chumps. The "chumps" in this case were the "blue-chip" academic and financial economists whose consensus forecast this time last year predicted high inflation and low economic growth. They were wrong on both counts. As you've probably heard, GDP growth for the third quarter came in at a red-hot 4.3%, following 3.5% for the second quarter. Some 90% of professional economists got it wrong — all underestimating the strength of the Trump economy. QED: These weren't random errors. These were "hate Trump" errors. They also...
Were Colorado voters sold a bill of goods on Props LL and MM?
Colorado Accountability Project, Approved, Commentary, State

Were Colorado voters sold a bill of goods on Props LL and MM?

By Cory Gaines | Commentary, Colorado Accountability Project Sold a bill of goods on Props LL and MM? Part 1 The Complete Colorado piece by Nash Herman linked first below poses an interesting question with its first line. Quoting: “Were Colorado voters duped into passing Propositions LL and MM based on false information?”The answer is not a simple one. The question itself isn’t. If voters had perfect information, would they have voted differently? Was anything done intentionally? If there were omission/mistakes with no intent, how did they come about?Perhaps most important of all, what lessons can we take for the future?Getting anywhere close to an answer to the above will require three posts, all of which will be today. I’ll summarize my thoughts on the questions and...

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