For people engaged in politics but not necessarily economics: "nowcasting" (predicting the data right before it comes out) is notoriously noisy and error-prone.
So I'd be cautious on hyping bad data forecasts (jobs, GDP) as evidence of Trump's irresponsibility before the official data comes out. /1
So I'd be cautious on hyping bad data forecasts (jobs, GDP) as evidence of Trump's irresponsibility before the official data comes out. /1
Comments
Sic semper economics
"wait, that's too low"
I had assumed Trump would ride the good macroeconomic environment he inherited, but here we are.
If they’re rehashing the Gilded Age regression playbook, they’re gonna get Gilded Age regression consequences.
Maybe Teddy shows up clutch.
But when anti-economics jagoffs like these get the wheel I wonder why I spent so much money studying economics like a nerd.
You have a Bloomberg terminal? So jelly.