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Home > Business & Politics > Worst economic prediction?

Which of the below economic predictions do you think is the worst? In hindsight, it is easy to laugh, but I guess at the time they were said the world was a very different place!

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Comments (2)

Yeah it't pretty crazy how things can turn out.

By martin (15217) - Prophet | 09.03.10

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It just shows how very very wrong, supposedly intelligent people, can be. Few people, especially Gordon (I've ended Boom and Bust) Brown saw the current credit crisis. It's very difficult to predict the future so there is hope for us all.

By ninganut (16794) - Prophet | 04.11.09

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Write your comment

1) Thomas Watson, chairman of IBM, 1943

"I think there is a world market for maybe five computers."

thomas watson

2) Irving Fisher, Professor, Yale University, 1929

"Stocks have reached what looks like a permanently high plateau."

Irving_Fisher
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3) H. M. Warner, Warner Brothers, 1927

"Who the hell wants to hear actors talk?"

harry warner

4) TIME, 1966

"Remote shopping, while entirely feasible, will flop – because women like to get out of the house, like to handle merchandise, like to be able to change their minds."

time magazine

5) Lee DeForest, inventor.

"While theoretically and technically television may be feasible, commercially and financially it is an impossibility." 

Lee_De_Forest

6) Business Week, August 2, 1968.

"With over 50 foreign cars already on sale here, the Japanese auto industry isn't likely to carve out a big slice of the U.S. market." 

business week frontcover

7) Decca Recording Co. rejecting the Beatles, 1962.

"We don't like their sound, and guitar music is on the way out."

the beatles

8) Boeing engineer, speaking on 247, a plane that seats 10

"There will never be a bigger plane built."

boeing 247

9) Engineer at IBM in 1968, commenting on the microchip.

"But what...is it good for?"

ibm logo 1960s

10) Unemployed labourers in 1859 looking for work.

"Drill for oil? You mean drill into the ground to try and find oil? You're crazy." 

texas oilfield
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