A Quote by Jamie Dimon

No one can forecast the economy with certainty. — © Jamie Dimon
No one can forecast the economy with certainty.
Confidence in a forecast rises with the amount of information that goes into it. But the accuracy of the forecast stays the same.
People have a need for certainty - and that need for certainty is in every human being, certainty that you can avoid pain, certainty that you can at least be comfortable. It's a survival instinct.
I imagine God to be like my father. My father was always the voice of certainty in my life. Certainty in the wisdom, certainty in the path, certainty always in God. For me God is certainty in everything. Certainty that everything is good and everything is God.
I never understand why 'economist makes forecast' is ever a headline. Whether the economist in question is from the International Monetary Fund, a City forecasting group or the Treasury - a forecast is still not news.
Economists have allowed themselves to walk into a trap where we say we can forecast, but no serious economist thinks we can. You don't expect dentists to be able to forecast how many teeth you'll have when you're 80. You expect them to give good advice and fix problems.
Let's make sure that there is certainty during uncertain times in our economy.
Satellite photography in the 1970's gave rise to the long-range weather forecast, a month at a time. This in turn gave rise to the observation that the long-range weather forecast was wrong most of the time. In turn, this gave rise to the dropping of the long-range weather forecast and to the admission that really accurate forecasting could only cover the next day or two, and not always then.
If you have to forecast, forecast often.
Scientists do not believe in fundamental and absolute certainties. For the scientist, certainty is never an end, but a search; not the ordering of certainty, but its exploration. For the scientist, certainty represents the highest degree of probability.
In an economy where the only certainty is uncertainty, the one sure source of lasting competitive advantage is knowledge.
People who forecast simply because "that's my job," knowing pretty well that their forecast is ineffectual, are not what I would call ethical. What they do is no different from repeating lies simply because "it's my job."
The population forecast for the United States in 1970 is 170 million. The population forecast for Russia alone in 1970 is 251 million. The implications are clear.
Our discussions of the economy may sometimes ring in the ears of the public with more certainty than is appropriate.
If your knowledge of fire has been turned to certainty by words alone, then seek to be cooked by the fire itself. Don't abide in borrowed certainty. There is no real certainty until you burn; if you wish for this, sit down in the fire.
... moral certainty is certainty which is sufficient to regulate our behaviour, or which measures up to the certainty we have on matters relating to the conduct of life which we never normally doubt, though we know that it is possible, absolutely speaking, that they may be false.
In my 40-plus years as a venture capitalist, I have come to appreciate the certainty a healthy economy provides for businesses both large and small.
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