There is no statistical evidence that anyone can predict the economy or market. Statistical luck explains the ones who have “predicted” crashes, etc. The biggest problem with this article is that it pretends that with these few leading indicators that the average guy can start beating the market. Dangerous. Here’s real advice from someone who has done this professionally for a long time:
Do’s:
1) start investing early (ideally in your 20s);
2) put it in the S&P500;
3) get a job with health insurance and 401K matching and invest to the match.
Don’ts
1) don’t look at your for many years, and don’t take it out during crashes.
2) never, ever take on credit card debt
3) never buy a house you think you’ll live in for <10 years
For the vast majority of people, if they follow this advice they’ll be the richest people they know in their 60s.
