Do Your Own Research: The Economy
Posted by freedomforall 1 week, 2 days ago to Economics
Excerpt:
"Nearly two decades ago, when charged to cover an apparent Depression-level event in the 2008 crash, I was stunned to discover how few resources were available to ordinary people hoping to make sense of the economy. The financial press was written by and for financial professionals, and every time I thought I’d found an analyst who made sense, I’d discover shortly after he or she was funded by banks or hedge funds incentivized to put lipsticks on pigs.
It also turned out that most of the statistics politicians used to represent the relative fitness or unfitness of the economy were and are weighted at best, and outright bull at worst, from the Consumer Price Index to the Unemployment Rate. Even LIBOR, the interbank lending rate that supposedly represented how finance companies thought about the economy, turned out to be a monstrous scam.
...
We’re again in panic mode, with front page charts full of down-pointing arrows, and the word “plummets” suddenly a ubiquitous headline term. However you feel about the new “reciprocal tariffs” program, we’re again entering a time in which most news consumers will need to know where to search for de-politicized answers to economic questions. I polled finance professionals, contributors like Eric Salzman, and reporters who cover economics to ask which sources are most accessible. Then I spoke at length with fellow Substacker Chris Irons of Quoth the Raven about the broader problems with finding reliable economic info, and some sites that short-cut the obstacles."
"Nearly two decades ago, when charged to cover an apparent Depression-level event in the 2008 crash, I was stunned to discover how few resources were available to ordinary people hoping to make sense of the economy. The financial press was written by and for financial professionals, and every time I thought I’d found an analyst who made sense, I’d discover shortly after he or she was funded by banks or hedge funds incentivized to put lipsticks on pigs.
It also turned out that most of the statistics politicians used to represent the relative fitness or unfitness of the economy were and are weighted at best, and outright bull at worst, from the Consumer Price Index to the Unemployment Rate. Even LIBOR, the interbank lending rate that supposedly represented how finance companies thought about the economy, turned out to be a monstrous scam.
...
We’re again in panic mode, with front page charts full of down-pointing arrows, and the word “plummets” suddenly a ubiquitous headline term. However you feel about the new “reciprocal tariffs” program, we’re again entering a time in which most news consumers will need to know where to search for de-politicized answers to economic questions. I polled finance professionals, contributors like Eric Salzman, and reporters who cover economics to ask which sources are most accessible. Then I spoke at length with fellow Substacker Chris Irons of Quoth the Raven about the broader problems with finding reliable economic info, and some sites that short-cut the obstacles."
with a stock that is going up, so by definition over time it always goes up - unless there is a
massive depression that drives all stocks down.
Agree that the "Industrials" is not an accurate description at all.
Canada has 100% offset requirements for military work. 100%!!!!! You have to show you are supporting Canadian workers and products valued at the same price as your offering. Forcing a complete trade balance for these products. We would have to buy a million gallons of maple syrup to sell our motors to them for the Navy. This crap is unfair, protectionist, unethical and ridiculous! We have been subsidizing their socialist bullshit since WWII. The idiot Europeans who know this are terrified. The rest just have TDS. Screw them all!!!
What a magical gift. Shakes the box... Free things fall out.
And now, these guys are negotiating with his underlings. They bring it to Trump who "adds a throwaway" and picks up more free money!
Wash, Rinse, Repeat.
Having mailed off my tax returns, my blood pressure since has been just fine.
As for things Trump has the guts to do with fixing tariffs and our economy , me dino me am adopting the Alfred E. Neuman approach. I just turned 78, I'm told I'm healing and me no need no more stress.
If any of you actually need to look up Alfred, at least his view of Schiff is quick and easy to research.
Prices in the stores reflect what's affecting mainstreet, including Gas and houses, and interest rates.
It's amazing how many people are worried about a 401(k) they are 10 years from collecting on. It's crazy. Things should NOT ONLY GO UP. That's a sign of a RIGGED market.
I will gladly give up some of my market value to have MORE of what TRUMP and his team are doing. If push comes to shove, I can survive on one meal a day, for a VERY LONG TIME.
That's a modest price to pay for the Survival of the best our country has to offer. As opposed to what it has been offering during my lifetime...