Persistent Overoptimism Three Ways: Truckers, Fed Economists, Manufacturers
MishTalk
NOVEMBER 20, 2015
Sales of Class 8 heavy trucks are on pace for one of the best years in history - around 260,000 units in North America. 2014) finds that one-year-ahead growth forecasts from the Federal Reserve Bank of New York and the European Central Bank from 2008 to 2012 exhibited substantial overoptimism, averaging 1.6 A study by Alessi, et al.
Let's personalize your content