He has been here twice before in this space (see here and here) and now comes the time for John Carney, senior editor at CNBC, to make his third appearance under my category heading of veridiction, my made-up name for the practice of verifying predictions.
On the September 7, 2012, edition of the radio program Marketplace (which I am able to hear through the technological marvel known as podcasting), Carney made the following prediction…
I guarantee right now that they [the Federal Reserve] will do something at the their next meeting.
This prediction was made on the Friday after the unemployment figures for August 2012 were released by the Bureau of Labor Statistics (long story short – 96,000 jobs created, unemployment rate edged own to 8.1%)
So, the Federal Reserve held its meeting this week and what happened?
Kudos to Mr. Carney for his first correct veridiction on these e-pages because Ben Bernanke and Company decided that the Fed would start up another round of quantitative easing, known as QE3.
