Edgar Fiedler Quotes

Edgar Fiedler
American Economist
Born: Apr 21, 1929
Died: Mar 15, 2003
Business Economic Forecast Often Sense You
Related authors: Alan Greenspan Herbert A. Simon John Kenneth Galbraith Milton Friedman Paul A. Volcker Richard Thaler Robert Reich Thomas Sowell
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler
Business Sheep Herd Independent Instinct Like Look Makes Among Thinkers
To qualify as a recession, economic activity must decline in an absolute sense; a mere slowdown in real growth is not enough. Edgar Fiedler
Sense Recession Enough Must Economic Economic Activity Absolute Mere Qualify Real Decline Activity Growth
If we're going to forecast the business cycle, surely it is a good idea to know the business cycle. Sounds reasonable, but it's not that easy. Edgar Fiedler
Good Business Easy Idea Know Forecast Surely Sounds Going Cycle Reasonable Good Idea
For economist the real world is often a special case. Edgar Fiedler
World Case Economist Real Often The Real World Real World Special
If a proposal doesn't prove out as expected when we run it, sometimes we change the model. Edgar Fiedler
Change Sometimes Out Run Proposal Prove Model Expected
Experience shows that a recession is never the result of just a few large industries dragging the economy down while the others continue to expand. Edgar Fiedler
Experience Result Few Down Recession Others Never Economy Industries Continue Expand Just While Large Shows Dragging
No one can escape the iron rule that once you make a forecast, you know you're going to be wrong; you just don't know when and in which direction! Edgar Fiedler
You Once Rule Direction No-One Wrong Know Make Forecast Escape Iron Going Just Which
We're not very good at forecasting, and we don't know how to measure the impact of economic policy. Edgar Fiedler
Good Impact Economic Economic Policy Know Policy Forecasting How Very Measure

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