The Ironies of The Gross Prediction

Author:
Publish date:

The market has closed for the day so let's take a moment to get all philosophical. Or at least to marvel at the ironic justice of the world.
We've been hammering away at Slate writer Daniel Gross for the last couple of days. It's not because we have anything against Gross.


It's that we're not a big fan of journalists making outlandish predictions. Actually, we're not a big fan of outlandish predictions at all, whether they are made by analysts, politicians or the food delivery guy (yeah, right, I'm sure my sushi be here in fifteen minutes). But with journalists it's particularly worisome because there seems to be so little cost to getting things wrong. Analysts get fired for being very wrong (and sometimes sued). Politicians can get voted out of office (or kicked out, like Brownie). You can order from someone else. Journalists, though, just keep on keeping on predicting no matter how wrong they are.
The funny thing is that Gross isn't a fan of such things either. We're pretty sure that's why he offered to eat the first chapter of Dow 36,000--because it is full of exactly such predictions. How ironic, then, that Gross's own errant predictions have him eating the errant predictions of other journalists.
In fact, it's all a bit scary. We're bound to get things wrong at some point. Lord knows what we'll have to eat when we do.

Related