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To: DuckTapeSunroof who wrote (45289)8/26/2010 3:21:07 PM
From: TimF  Read Replies (1) | Respond to of 71588
 
Economic projections are projections, not actual results.

Some guesses from those projections can be compared to the actual results (projections of government revenue, deficits, and debt, GDP growth, etc.), some can not (projections of the specific size of, or in some cases even the directions of, specific factors in determining the overall results which can be measured).



To: DuckTapeSunroof who wrote (45289)9/27/2010 8:14:34 PM
From: TimF  Read Replies (3) | Respond to of 71588
 
"Projections" are not "actual results".

And yes we have the real world actual results of all factors combined (well there is always some degree of error in economic understanding, but we have a decent level of knowledge about what's happening in the economy, if not always why, and often not what's next), but we don't have the actual results, or if you prefer the wording, we don't have reliable knowledge of the actual results, of each specific factor, not even for the major ones.