> By contrast, when we suggested in April that oil prices were likely to rise further, we were out on a limb. Alas, we were dead wrong. Why "alas?" They wanted an economic collapse?
Is The Economist Always Wrong?
61–70 of 84 posts
Re: Is The Economist Always Wrong?
#62I’ve noticed The Economist having odd ways of interpreting statistics and data, and this article makes me even less trustful.
Odd how? I’ve been a reader since 1985 and am satisfied.
I somehow expected them to have statisticians and data journalist working for them, but perhaps my assumption was just silly. This article seems to point that they do not, because as pointed elsewhere, this sort pf LLM-heavy approach is far from trustworthy.
Re: Is The Economist Always Wrong?
#63Re: Is The Economist Always Wrong?
#64Earlier quoted context omitted.
That's not true at all, first of all economics is a social science, secondly I think what you think is ignored is the whole branch of behavioural economics .
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Re: Is The Economist Always Wrong?
#65Lol @ the use of "bête noire", which is of course a way to avoid the old racist saying of you made a hugely and catastrophic mistake ... saying you were black-faced. But surely in French, it's fine, right?
Re: Is The Economist Always Wrong?
#66Re: Is The Economist Always Wrong?
#67to quote Taleb: those who can, do (trade). those who can't, write about it (financial press)
Re: Is The Economist Always Wrong?
#68to quote Taleb: those who can, do (trade). those who can't, write about it (financial press)
Taleb is literally mostly an influencer who once traded (and sucked at it).
Hardly your typical economist op ed writer.
Re: Is The Economist Always Wrong?
#69I really like the economist, they are quite centric in their views but don't hide a certain bias for strong representative democracies, deregulation, globalism and open (publicly traded) markets. Their writing style is probably the cleanest in the industry and they always point out potential conflict of interest even though I've never seen the write anything really positive about the companies Exor controls (Stellant…
Re: Is The Economist Always Wrong?
#70Earlier quoted context omitted.
Having similar thoughts at times. What are you reading nowadays?
The Atlantic. Excellent writers, excellent editing. But as a European I find the US slant is a problem. I do miss The Economist's international coverage.
https://www.currentaffairs.org/news/the-worst-magazine-in-am...
I explicitly chose a criticism from someone with a wildly different political ideology than my own, just to show that this is not a partisan take. I disagree with almost every opinion expressed in that link, yet agree completely with the validity of the examples given. The Atlantic routinely makes statements contrary to fact, and seemingly has no qualms about lying or exaggerating to make an attention-grabbing point. It’s coverage during Covid was particularly atrocious.