What is THE RECORD?
In 2008, Nouriel Roubini rose to fame as one of the few economists who predicted the Great Recession…
His book began selling like hotcakes as he made dozens of media appearances…
In short, his correct prediction was a massive boon for his career.
Yet what the mainstream media left out was that Roubini had also predicted recessions in 2004, 2005, 2006 and 2007 – and he was wrong on all counts…
And not just a bit wrong…
He was very wrong…
The economy went gangbusters through many of those years…
Yet his predictions after the Great Recession weren’t any better…
He missed the huge rebound in financial assets and was still calling for a meltdown well into the 2010s…
Despite this, Nouriel Roubini’s opinion is still rolled out by the mainstream media accompanied by the title “the man who predicted the Great Recession…”
So anyone who doesn't know Roubini has a terrible forecasting track record is misled into giving his opinion more weight than it deserves...
Which means his inaccurate model for forecasting the market is allowed to persist and influence people when it should probably be consigned to the dustbin of history…
Now, we’re picking on Nouriel a bit here…
Because this isn’t a problem that’s unique to him…
In fact, you could say it’s the standard in the profession of economics, market forecasting and analysis:
You can get it wrong all the time and still be wheeled out by the media as an oracle because our industry lacks a mechanism to hold analysts and economists accountable…
It means it’s incredibly difficult to find the signal amongst all the noise…
That's why we created THE RECORD...
This is the place where we write our market commentary and log our predictions – past and present…
We do this to showcase the predictive power of the Arcanica Triple Stack™ – which is the model we use to forecast the market…
But even more importantly, we started THE RECORD to create an accountability mechanism for our analysis, so you know immediately whether our method has value…
THE RECORD has a running tally of every prediction we’ve ever made, which means that anyone can see the success (or lack thereof) of our approach to the market straight away…
If we don’t do well, we won’t be able to hide it…
That’s a level of transparency we think is unique in the financial publishing industry.
And we’re proud to say it hasn’t backfired on us (yet 😂)…
To review our prediction tally in detail, visit our Scorecard by clicking here…
