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Street journal's" 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 we're in a recession we don't know it half the time and can't 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 wasn't a lot of reason to think they would. in economics you have so much dat data, it's hard to find the install of the meaningful indicator out of the m...