Jeremy Tauri.
It seems that everywhere you look, there is someone making a prediction.
There's the Reserve Bank economists predicting the outlook for inflation, the currency, interest rates. Then there's the bank economists trying to predict what the Reserve Bank's next move will be.
Where does that leave the average "mum and
dad" investor or mortgage-holder? Do you wait a couple of months before fixing your mortgage to try to lock in the lowest rate possible? Do you hold on until the end of the year before putting your house on the market, to try to squeeze every last dollar out of the property boom?
The best thing you can do is to check out the predictions - then put them to one side.
Controversial economist Shamubeel Eaqub has data that shows how often even the experts get it wrong.
