Not everybody is academically equipped with to do economic forecasting. While there are obvious indicators of a looming financial crisis right on the streets, the technical part of being able to watch specific areas of the economy to determine what path the economy will take in the next few months or even years is best left to experts. Irresponsible readings on how the economy and quantitative easing will behave will most likely only result in wrong speculations and baseless panic among consumers who most probably do not know any better. You want to make sure that the information that you get on how the economy is likely to behave and affect your personal finance only comes from the experts. Even then, these experts would also look at particular set of indicators differently from others and may or may not have the same recommendations in terms of fiscal policy or of personal finance management decisions.
Economic forecasting has a lot to do with reading economic indicators as represented by various figures pertinent to a particular country’s economy and any other country with economies linking to it. Among these information include gross national product rates, gross domestic product rates, unemployment rates, consumer price indices, insurance claim rates, along with local and international indices like Standard and Poors indices, currency exchanges, and others. It is tedious for the ordinary consumer to analyze and digest all these data. Analysis is best done by economists and financial experts. These experts are your best resource for reliable and credible economic forecasts to base your investment decisions on.