Forecasters' vision clouds during turning points

US - Research by the Federal Reserve Bank of Atlanta on economic forecasts by The Wall Street Journal in the last 16 years showed that accuracy was low at crucial points of the economy, with forecasters missing out on the aggressive rate cuts of the Federal Reserve, the recession last year and other major economic situations.

"Kudlow & Cramer" co-host Lawrence Kudlow, former Bear Stearns & Co. chief economist, emerged as the top forecaster in the Atlanta Fed's study, with an average accuracy o