Convex Strategies | Risk Update: July 2022 – The Pointlessness of Forecasting.

“Pretium iustum mathematicum, licet soli, Deo notum” Sometimes we get accused of being hard on central bankers. It is, however, not central bankers per se, nor any given particular practitioners, that ruffle our feathers. Rather, central planning and economic forecasting in general is where our criticism falls. Central bankers just happen to be the best…