NBA GMs and Fed Governors - InvestingChannel

NBA GMs and Fed Governors

Here is Nate Silver, discussing the growing accuracy of NBA mock drafts:

Mock drafts — and rumors/reporting about who would go where — were shockingly accurate this year. There aren’t a lot of dumb teams in the NBA anymore, and it’s getting harder to find picks that come out of nowhere.

I suppose one could think of mock drafts as sort of like “the market” and NBA general managers as sort of like the Fed.  Are the mock drafts getting more accurate because mock drafters are getting smarter, or because (As Silver hints) NBA GMs are getting smarter?  Or maybe GMs are realizing the market is smarter than they are.

My hope is that the market will become increasing accurate in predicting monetary policy, because monetary policymakers will increasing take their lead from the market.