You can claim all you want that these professionals aren’t doing a good job. I might even agree, for some cases. But they surely use a MUCH more sophisticated system to come up with their projections than a mere magic 8-ball.
Why are economists so puzzled? With most of the money from increased production funneled into the tax-free pockets of the Wealthy Elite class (Maximized investor profits, corporate officer salaries. stock options, buy-backs, artificial increases in shareholder value) the working class has been repeatedly raped since Ronald Reagan’s trickle-down scheme and Milton Freeman & Alan Greenspan’s de-regulation policies. Add under-employment, increased computerization and automation, and millions of jobs shipped offshore, is it any wonder that the Middle Class has little, to no discretionary income?
Economists should have their own denominations, like religions. then we could subscribe to the one we liked. Ten economists will have ten opinions, all probably wrong, anyway.
Hardly hazy. Things are trending upwards. Economic activity and employment are both increasing. The risk of recession is decreasing. Demand is so strong that suppliers are struggling to keep in many industries.
I have said it before and I will say it again and again and again – the economy is not a living breathing entity.
It is a set of figures that people choose to give some type of sentinel meaning too.
And to be entirely accurate, it is almost always a different set figures that are chosen by different people depending on the argument being put forward.
This concept of choosing what to include in the “economy” and choosing what to ignore is your first clue.
If you can choose the parts then surely it can’t be a real living thing, because in the case of an animal or plant you can’t choose to accept the head or the legs of the flowers but choose to ignore the leaves or the arms.
You either accept it as existing or you don’t.
I believe that trees and animals live, I don’t believe that the economy lives.
The current bunch can’t be worse than the last; While leading the Department of Commerce, Ross reported making a minimum of $53 million to $127 million in outside earnings.https://www.businessinsider.in/politics/world/news/trump-commerce-secretary-wilbur-ross-made-at-least-53-million-from-private-companies-while-serving-in-government-report/articleshow/83690429.cmsGotta love the grift!Eat that Montbilbo.
Concretionist almost 3 years ago
You can claim all you want that these professionals aren’t doing a good job. I might even agree, for some cases. But they surely use a MUCH more sophisticated system to come up with their projections than a mere magic 8-ball.
moosemin almost 3 years ago
Why are economists so puzzled? With most of the money from increased production funneled into the tax-free pockets of the Wealthy Elite class (Maximized investor profits, corporate officer salaries. stock options, buy-backs, artificial increases in shareholder value) the working class has been repeatedly raped since Ronald Reagan’s trickle-down scheme and Milton Freeman & Alan Greenspan’s de-regulation policies. Add under-employment, increased computerization and automation, and millions of jobs shipped offshore, is it any wonder that the Middle Class has little, to no discretionary income?
FrankErnesto almost 3 years ago
Economists should have their own denominations, like religions. then we could subscribe to the one we liked. Ten economists will have ten opinions, all probably wrong, anyway.
mourdac Premium Member almost 3 years ago
Hardly hazy. Things are trending upwards. Economic activity and employment are both increasing. The risk of recession is decreasing. Demand is so strong that suppliers are struggling to keep in many industries.
Teto85 Premium Member almost 3 years ago
Normal situation no matter what the political landscape.
ferddo almost 3 years ago
Yet day traders claim it’s the best and quickest way to riches…
Michael G. almost 3 years ago
I know one thing for certain. Rebuilding highways and railroads stimulates the economy.
grumpypophobart almost 3 years ago
I have said it before and I will say it again and again and again – the economy is not a living breathing entity.
It is a set of figures that people choose to give some type of sentinel meaning too.
And to be entirely accurate, it is almost always a different set figures that are chosen by different people depending on the argument being put forward.
This concept of choosing what to include in the “economy” and choosing what to ignore is your first clue.
If you can choose the parts then surely it can’t be a real living thing, because in the case of an animal or plant you can’t choose to accept the head or the legs of the flowers but choose to ignore the leaves or the arms.
You either accept it as existing or you don’t.
I believe that trees and animals live, I don’t believe that the economy lives.
RetVet24 almost 3 years ago
The current bunch can’t be worse than the last; While leading the Department of Commerce, Ross reported making a minimum of $53 million to $127 million in outside earnings.https://www.businessinsider.in/politics/world/news/trump-commerce-secretary-wilbur-ross-made-at-least-53-million-from-private-companies-while-serving-in-government-report/articleshow/83690429.cmsGotta love the grift!Eat that Montbilbo.