A World of Bullies, Copycats and Chickens: is short-term economic forecasting still relevant?

• Are quarterly economic forecasts still relevant in today’s world?
• If the answer is NO (as I think,) where should investors seek guidance in a world of geo-political bullying, emerging trade wars and strongly volatile markets.
• My answer is simple: Take your guidance from YOU. Your personal situation and future liabilities should be the only driving forces.
• So copy what all the big institutional investors are doing and pursue Investing for Personal Liabilities (IPL); it is the only answer.
• But note: The IPL approach requires all cards on the table and brutal honesty, thorough analysis and a lot of soul searching (example provided).

For the complete article by Bart Le Blanc, please see the attachment.

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