Economic forecasting is a difficult game — get it right, and you’ll get not only plaudits, but potentially a lot of money too.
But get it wrong, and you’ll never be able to take it back. Your predictions will live on, and potentially sound extremely funny one day.
The past half a century is riddled with grand projections about national economies and the way the world is going. Some have aged much worse than the others.
These are some of the very worst.
Samuelson wasn't the only one to take a rosy view of the Soviet Union's economic potential, but that interpretation has aged very poorly.
Former Fed Chairman, Alan Greenspan, speaks during the SIFMA annual meeting in New York, October 23, 2012.
Today, South Korea's economic development is heralded as an example to other countries, while North Korea's economy is an example of repressed backwardness.
Former head of AIG Financial Products Joseph Cassano testifies before the Financial Crisis Inquiry Commission (FCIC) on Capitol Hill in Washington, June 30, 2010.
1990 is more generally remembered as one of the beginning years of an extended global boom period.
Georges Soros, Chairman of Soros Fund Management, speaks during the session 'Recharging Europe' in the Swiss mountain resort of Davos January 23, 2015.
A vacant blighted home is seen on a street that was once lined with houses in Detroit, Michigan July 23, 2013.
A new bridge, which will connect new metro lines, is under construction over the Golden Horn in Istanbul September 5, 2013.
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