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Bill Haynes is president and CEO of CMI Gold & Silver Inc., a gold and silver bullion dealer based in Phoenix, Ariz.
Celebrated playwright George Bernard Shaw once famously quipped: “If all economists were laid end to end, they would not reach a conclusion.”
So, how is it that two experienced, knowledgeable economists study and analyze the same data and each comes up with a different forecast for the nation’s economy? Why do these experts so often disagree with one another? As we will see, there’s no simple answer; there are many reasons for economists’ differing opinions.
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