Economists can be an interesting group of people. Although they don’t like to be wrong, occasionally they will fess up when they’ve been way off the mark in the past. To an extent, that’s what happened at this year’s Capital Economics Annual Conference in Chicago. The conference kicked off with an admission from Capital Economics Managing Director Roger Bootle that they had been wrong in their forecast last year. Although they had said world economies would continue to be bad, reality was that economies were even worse than they had expected. (more…)