David Woo (5/12/2013) about bitcoin: “Our fair value analysis implies a price of $1300”
Franklin Raines (10/6/2004): “These supbrime assets are so riskless that their capital for holding them should be under 2 percent.”
Joseph Cassano (2007): “It is hard for us, without being flippant, to even see a scenario within any kind of realm of reason that would see us losing one dollar in any of these Credit Default Swap transactions.”
David Lereah (12/8/2005): “I truly believe the housing market will continue to expand. But rather than the double-digit price appreciation we’ve seen, we might see that drop to a 5 or 6 percent appreciation sometime toward the end of next year.”
Irving Fisher (15/10/1929): “Stock prices have reached what looks like a permanently high plateau.”
Donald Luskin (14/9/2008): “Anyone who says we’re in a recession, or heading into one—especially the worst one since the Great Depression—is making up his own private definition of ‘recession’.”
Georges W. Bush (15/7/2008): “We can have confidence in the long-term foundation of our economy… I think the system basically is sound. I truly do.”
James Glassman & Kevin Hassett (1999): “Stocks are now in the midst of a one-time-only rise to much higher ground–to the neighborhood of 36,000 on the Dow Jones industrial average.”
Herbert Hoover (1928): “The United States are nearer to the final triumph over poverty than ever before in the history of any land.”
Ben Bernanke (10/1/2008): “The Federal Reserve is currently not forecasting a recession.”
The 10 worst economic/market predictions
http://investir.ch/2013/12/the-10-worst-economicmarket-predictions-research/
http://www.zerohedge.com/news/2013-12-09/10-worst-economic-predictions-ever