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Making Cents: Don't Say He Didn't Warn You

July 28, 1996

Economist John Mueller recently told clients of his Virginia consulting firm that "the astonishing fact is that the consensus of forecasters has never--ever--forecast a recession," because recessions are aberrations and forecasters focus on trends. He predicts a 1996 recession--a lonely position. A Bloomberg Business News poll of 36 economists found all predicting positive growth this year.

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