Summers: No Economist Can Predict the Economy’s Future

Speaking before a gathering of business leaders Thursday, Larry Summers, who heads the White House Economic Council, delivered what might have been the most honest assessment yet of the nation’s economic recovery.

Asked when the economy will rebound, Summers said there are only two types of experts out there wrestling with that question: “Those who know they don’t know, and those who don’t know they don’t know.”

Based on the range of predictions we’re hearing, that seems fair enough.