Click here for Part 2 of Earnings Forecasts: Voodoo ScienceNEW YORK ( TheStreet) -- The IMF just updated its forecasts for growth. Once again developing countries in Asia, Latin America and Africa are outpacing the U.S. and Europe by two, three and four times. Of course, U.S. corporations are extending their operations in developing countries. However, what is good for growth is bad for the accuracy of annual or quarterly earnings forecasts. There are multiple reasons for this.
Earnings Forecasts: Voodoo Science, Pt 1 of 2
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