Experts Schmexperts

economic experts are apparently really stupidWho are these “Experts?”

12/2/08

So, yesterday, a panel of experts released their report that said (shock) that we have been in a recession since Dec 2007. Anyone making less then $200k per year could have told you that!  So why is Wall Street reeling from this news?  Because they didn’t know!  Yeah – you heard me.  The economic experts who make their living supposedly knowing what is going on with the economy didn’t know what was going on with the economy until another group of super experts sat down and finally decided to do some math.  So here is my question.  WHY ARE THESE PEOPLE CONSIDERED EXPERTS?