The whole column is a blast to read, but here are a few of the predictions that were particularly awful, and amusing:
Tom Curran of MSNBC forecast Percy Harvin as a draft bust: Harvin was OffensiveJohn Clayton of ESPN Predicted:
Rookie of the Year.
... a Super Bowl of Steelers over Giants; neither team made the playoffs. HeFor kicks, there are some horrendously wrong non-football picks included in the column as well. Including this beauty:
used an incredibly scientifically advanced formula to predict the Bears,
Bills, Browns, Redskins, Seahawks and Texans would make the playoffs; none did.
Clayton forecast the Saints to finish 8-8; they won the Super Bowl. He said the
Jets would finish 6-10; they reached the AFC Championship Game.
In 2002, Joseph Stiglitz, who had just won the Nobel Prize for Economics, andAye Carumba! Anyway, check out the whole thing. It is well-worth the read, even if you aren't a football fan.
Peter Orszag, who is now director of the Office of Management and Budget, wrote this paper which concludes "the risk to the government from
a potential default on [Fannie Mae and Freddie Mac] debt is effectively zero."
Stiglitz and Orszag claimed to have used a computer model to run "millions of
potential future scenarios" and found there could never be any situation in
which taxpayers were harmed by Fannie Mae or Freddie Mac loans. So far, the
Fannie-Freddie bailout has cost taxpayers $112 billion, with a potential
ultimate loss to taxpayers of $1.9 trillion.