An Economic Prediction That Actually Came True

Economists are notorious for making bad predictions. There are endless examples, but the first one that comes to mind is a book written by economist Kevin Hassett and co-authors entitled Dow 36,000. The title was their prediction of where the Dow Jones Industrial Index should be based on fundamentals. The book came out in the year 2000 with the Dow at about 10,000, substantially higher than it is today. The Dow

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