Posted To: Pipeline Press
Yesterday afternoon I was doing my quarterly ten minutes of YouTube yoga (“Align those internal organs! “The journey is the reward!”) and my mind wandered to how economists are great at predicting the past. (No, I didn’t make that up.) Companies post their results, and any talk of the future often comes with a warning, “Past results are not indicative of future performance.” So guidance should be “taken with a grain of salt .” Anyone should be incredibly wary of, perhaps disbelieving of, any date-based forward guidance. Do you think someone can say with any certainty , “I think in September of 2021 ‘such-and-such’ will happen.”? Just think back where we were only four months ago versus where things are now. “Data…(read more)
Source: Mortgage News Daily
