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Publication Date: December 2002
Publisher: Center for Economic and Policy Research
Author(s): Dean Baker
Research Area: Economics
Keywords: Financial projections; Retirement; Capital gains tax
Type: Report
Coverage: United States
Abstract:
This paper explores the failure of most financial analysts to predict the collapse of the stock market bubble. It shows the consequences of such overly-optimistic forecasting on federal budgeting processes and on the management of defined benefit pension plans.