Ian Shepherdson

BusinessWeek Recap: How Expert Forecasts Shaped Up in 2007

By Jeff Poor | December 28, 2007 - 17:54 ET

BizWeek

Are you a little skeptical when an economist or a financial strategist appears in the MSM, warning for the worst?

A look back at the Dec. 25, 2006, “Where to Invest” issue of BusinessWeek gave us a measuring stick to see how frequently cited “experts” shaped up in 2007 – including New York Times regular Ian Shepherdson, Moody’s Economy.com economist Mark Zandi and Standard & Poor’s Chief Investment Strategist Sam Stovall.

BusinessWeek surveyed 80 investment strategists about where the stock market would be at the end of 2007, and 58 economists on where gross domestic product (GDP) would be at the end of 2007.

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