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Goldman: We Were “Mostly”/ “Partially” Correct On 2016 EM Predictions
One of the more popular posts on this site in December carried the headline "Goldman Predictions No Better Than Coin Flip, Bank Admits."
In that rather amusing piece, I catalogued eight macro predictions Goldman made for 2016 and presented the bank's own analysis of how those predictions fared. The results: 4 correct, 3 incorrect, and 1 inconclusive.
In other words: statistically speaking, you would have likely done just as well with a coin flip.
That's not particularly surprising. Macro for
