After subscribing for 15 years or so, I noped out after their "walker" cover. The world has enough "both sides" journalism, and I had thought them somewhat immune from that.
Wait, what? People were offended by that? It seemed an apt cover in light of the situation. For those unaware, the economist ran this [1] image after Biden’s historically disastrous debate in ‘24 (as a result of Biden’s age based senility being on full display after months of party and media complicity). [1] https://www.economist.com/leaders/2024/07/04/why-biden-must-...
Is The Economist Always Wrong?
21–30 of 189 posts
Re: Is The Economist Always Wrong?
#22The tricky thing about predictions made by public entity or persona is that, the fact that they are making public predictions creates a major influence on the outcome itself. People react to predictions made by them.
Re: Is The Economist Always Wrong?
#23The tricky thing about predictions made by public entity or persona is that, the fact that they are making public predictions creates a major influence on the outcome itself. People react to predictions made by them.
A major reason why the new Fed chair is refusing to provide forward guidance, in a major departure from all(?) previous Fed chairs and will likely require textbooks to be rewritten.
Re: Is The Economist Always Wrong?
#24there should be some law where publications have to track their brier scores
Re: Is The Economist Always Wrong?
#25The tricky thing about predictions made by public entity or persona is that, the fact that they are making public predictions creates a major influence on the outcome itself. People react to predictions made by them.
A major reason why the new Fed chair is refusing to provide forward guidance, in a major departure from all(?) previous Fed chairs and will likely require textbooks to be rewritten.
Re: Is The Economist Always Wrong?
#26Re: Is The Economist Always Wrong?
#27The tricky thing about predictions made by public entity or persona is that, the fact that they are making public predictions creates a major influence on the outcome itself. People react to predictions made by them.
https://www.readtrung.com/p/the-economist-cover-curse-explai...
Re: Is The Economist Always Wrong?
#28Re: Is The Economist Always Wrong?
#29After subscribing for 15 years or so, I noped out after their "walker" cover. The world has enough "both sides" journalism, and I had thought them somewhat immune from that.
Re: Is The Economist Always Wrong?
#30The tricky thing about predictions made by public entity or persona is that, the fact that they are making public predictions creates a major influence on the outcome itself. People react to predictions made by them.
A major reason why the new Fed chair is refusing to provide forward guidance, in a major departure from all(?) previous Fed chairs and will likely require textbooks to be rewritten.
https://en.wikipedia.org/wiki/Fedspeak
Quote from Greenspan himself:
> As Fed chairman, every time I expressed a view, I added or subtracted 10 basis points from the credit market. That was not helpful. But I nonetheless had to testify before Congress. On questions that were too market-sensitive to answer, 'no comment' was indeed an answer. And so you construct what we used to call Fed-speak. I would hypothetically think of a little plate in front of my eyes, which was the Washington Post, the following morning's headline, and I would catch myself in the middle of a sentence. Then, instead of just stopping, I would continue on resolving the sentence in some obscure way which made it incomprehensible. But nobody was quite sure I wasn't saying something profound when I wasn't. And that became the so-called Fed-speak which I became an expert on over the years. It's a self-protection mechanism ... when you're in an environment where people are shooting questions at you, and you've got to be very careful about the nuances of what you're going to say and what you don't say.