Unfortunately, the worst forecasts have come true," the person said.
Some mortgage bonds are so cheap that even in the worst forecasts, with home prices falling as much as 10 percent and foreclosures rising, investors say they can still make money.
Hedge Funds BONDS BACKED BY MORTGAGES REGAIN ALLURE Azam Ahmed reports that some mortgage bonds are so cheap that even in the worst forecasts investors say they can still make money.
DAILY BEAST Bonds Backed by Mortgages Regain Their Allure | Spurred by predictions of profits even in the worst forecasts, big-money investors are returning to the same complex loan pools that nearly washed away the financial system.
But Laura Lee, the author of "Bad Predictions," a book that compiles "2000 years of the best minds making the worst forecasts," said that the site better reflected the present than the future.
— As Tropical Storm Irene drenched New York and New England on Sunday, the states where the hurricane first made landfall faced a sun-drenched — yet often powerless — day to assess loss of life, property damage and widespread inconvenience that, while significant, fell short of the worst forecasts of catastrophe.
But Mr. Echávarri said the exercise would be valuable because European Union energy ministers this week committed to undertaking "a comprehensive risk and safety assessment" in light of new evidence from Japan that natural disasters could be more drastic than the worst forecasts.
As some of the most highly-qualified people living here, EU scientists are unlikely to be forced to leave, even if the worst forecasts of the impact of Brexit on immigration are realised, but a demoralised and insulted workforce will readily take their expertise elsewhere.
Job growth is expected to increase 1.3% annually over the next five years one of the worst forecasts in the country.
Simply the worst forecasting book ever, offering a great perverse lesson demonstrating how the most famous economist of his day was perfectly wrong.
