71–80 of 103 posts
There are two economies. The one inhabited by wealthy owner class (they own homes, stock, have paid off cars and disposable income) their economy is great. For everyone else it sucked. The metrics tend to focus on the former and ignore the “outlier data” caused by the latter.
Earlier quoted context omitted.
In the official results, the vote totals for all the 3rd party candidates add up to ~2%. And Green Party is the by-far largest piece of that.
That was for all of Michigan though, not Ann Arbor.
Here are the official precinct-by-precinct vote counts, in Ann Arbor:
https://electionresults.ewashtenaw.org/electionreporting/nov...
While you can find a precinct where the Greens got 3.5%, there are 52 precincts, and that number is an obvious outlier. There are far more where the Greens didn't even get 1%.
Interestingly, looking back at the County-wide results, the down-ticket Green candidates did much better than their Presidential candidate. That would suggest Green voters splitting their tickets - to vote against (presumably) Trump.
Earlier quoted context omitted.
I feel like you both may be missing the point. The article isn't just about the present. It takes a very long view: > The problem isn’t that some Americans didn’t come out ahead after four years of Bidenomics. Some did. It’s that, for the most part, those living in more modest circumstances have endured at least 20 years of setbacks > The bottom line is that, for 20 years or more, including the months prior to the el…
The proposed measure is highly correlated with U-3, so as time-series they should basically tell the same story. If the assertion is "U-3 doesn't predict this phenomenon but this other measure does" it's likely to be wrong since the signals are roughly equal to a constant factor. For the entire data range depicted in the paper this property holds. Is it possible that back in $GOOD_OLD_DAYS this isn't true? Well I'd l…
Sounds right. I'm in a major university town in SE Michigan. In recent years, apartment rents rose by ~4X the "official" gov't rate of inflation. Supposedly, the townies and students are diehard Democratic liberals. But especially around campus, voting statistics show Trump getting many more votes last November (and Harris many fewer) than the stereotypes would suggest.
If a single stock I own that is in the S&P 500 has a bad year while the S&P 500 index still goes up it doesn't mean the index is wrong or useless. It means you don't understand the calculation method and purpose of the index.
The article is pretty clearly politically motivated. Thr argument is XYZ number doesn't capture everything and the absolute number is higher. Which may be true, but for U3 unemployment that has always been true! The fact is every unemplpyment metric you look at is at a historical low. So regardless of what they are or aren't capturing they are all better than they've been in decades. In relative terms the economy has…