Shadow Fed is Glum on Stock Market

Asjylyn Loder, reporter for the Wall Street Journal, writes about Camp Kotok in the following article.

The economic predictions from the annual gathering known as Camp Kotok resemble two smart people trying to steer a canoe: lots of zigging and zagging to get back to the same place.

Every year, David Kotok, chief executive of Sarasota, Fla.-based Cumberland Advisors, invites about 50 economists, money managers, former central bankers and others to a fishing camp at the northern edge of Maine.

The highlight of the trip is a betting pool predicting how the economy will fare in the coming year.

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