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Street journals" forecasting panel, 45 distinguished economists said we would not go into a recession over the next year. in fact, it turned out we were already in recession by december 2007. it was later revealed through the data. when were in a recession we dont know it half the time and cant predict the macro economy more than six months in advance. you had all kinds of problems with people expecting housing prices to go up when there wasnt a lot of reason to think they would. in economics yo...