Over the last 16 years, it has become routine for “experts” and pundits to miss MAJOR issues by ignoring data points that don’t confirm their own views, only to later proclaim, “no one saw this coming” when a crisis erupts.
Whether we are talking about the Tech Bubble, Housing Bubble, EU Crisis of 2011-2012, US Dollar bull market/ Oil Crash of 2014, China’s hard landing or the BREXIT, there have been repeated instances in which the “experts” completely missed glaring issues.