Paul Samuelson, a famous economist, said that
A)"the bond market has predicted zero out of the past nine recessions."
B)"the stock market has predicted zero out of the past nine recessions."
C)"the bond market has predicted nine out of the past five recessions."
D)"the stock market has predicted nine out of the past five recessions."

Question

Quizplus · Accepted Answer

Paul Samuelson famously quipped that the stock market has predicted nine out of the past five recessions, highlighting its tendency to overreact and predict more recessions than actually occur.

Paul Samuelson, a Famous Economist, Said That