BUSINESS

12 Worst Predictions About The U.S. Economy

08/17/2012 04:32 pm ET | Updated Aug 17, 2012

Everyone is wrong sometimes. Even economists, politicians and pundits.

Predictions about the economy can often be confusing and contradictory. Is inflation going to spike or should we worry about deflation? Will President Obama's healthcare reform destroy the economy and insurance market? Will America default if it decides not to willingly default?

The future may be uncertain, but hindsight is always 20/20. Inflation never spiked, as Ron Paul stated it would; America has not defaulted despite suggestions to the contrary from Mitt Romney; Obamacare has not destroyed the economy, as Jim Cramer warned; and unemployment still remains above 8 percent, despite promises from former Chair of President Obama's Council of Economic Advisers Christina Romer.

Below are economic predictions that were either blatantly wrong or have blatantly yet to come true:

Economic Predictions That Were Blatantly Wrong (Or Have Blatantly Yet To Come True)

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