Money Talking: Falling Gas Prices, Why Can’t We Predict Risk Better?
Friday, June 15, 2012
Remember the headlines just a few months ago? People predicted gas would reach $5 a gallon This week, the price is $3.57, according to the Energy Information Administration.
It’s been falling every week since April. Rana Foroohar with Time and Joe Nocera with The New York Times discuss why gas prices are falling and what it means for the upcoming presidential election.
Also, when it comes to making predictions, be it gas prices or the global economy, no MBA or mathematician or JPMorgan Chase trader appears to hold the secret. Why can’t we do a better job of measuring risk and making the right call?
Finally, Rana and Joe run down what they’re watching to make news in the weeks ahead.