The key with the economist is to read between the lines. They tell you what is coming. Credit crunch? A 2006 issue talked about the "remote possibility that if housing prices came down across the board, much of the profits banks have seen in recent years will be reversed and they may have trouble getting credit." If you already knew for sure that housing was going to go down AT LEAST 10 % then you could conjecture where banks were going to head and buy put options accordingly.
Did they "shill" for the war? Yes. Was I misled by them? Yes. But in the grander scheme of things that was an excellent experience for me because it showed me to be critical of even my most trusted news sources.
I still have a well read subscription to this day, along with Harvard Business Review.
Right now if you read between the lines The Economist is clearly saying that world wide income taxes are going to start sky rocketing in 3 to 6 years. Plan accordingly. RRSPs or TFSA (Roth IRA or 401k)? Most people will keep at it with their RRSPs and cry their heart out when taxes go up.
I have found it difficult to entirely forgive The Economist for some woefully incorrect predictions (they were big on Goldman Sac's prediction for $200 oil, and did not see the credit crunch in any shape or form or give space to those who did [and there were a number]). Now they issued a lukewarm 'apology' at the start of this year, all good and well, but still it was delivered with their habitually self-satisfied, borderline arrogant tone.
The key with the economist is to read between the lines.
Why do you have to read between the lines? Maybe economists don't say things in plain English so they can always deny that they were wrong.
On the other hand, I like economists like Mike Shedlock, who crystal-clearly explains himself (Google his blog). He has been right about the coming deflation for a long time.
Did they "shill" for the war? Yes. Was I misled by them? Yes. But in the grander scheme of things that was an excellent experience for me because it showed me to be critical of even my most trusted news sources.
I still have a well read subscription to this day, along with Harvard Business Review.
Right now if you read between the lines The Economist is clearly saying that world wide income taxes are going to start sky rocketing in 3 to 6 years. Plan accordingly. RRSPs or TFSA (Roth IRA or 401k)? Most people will keep at it with their RRSPs and cry their heart out when taxes go up.