TIL Moody’s Analytics is "doomer FUD".
TIL Moody’s Analytics is "doomer FUD".
And yes, Moody's Analytics chief economist is generally known for making wildly inaccurate predictions.
Regardless, your take on all of this is what I called doomer FUD, which goes well beyond Zandi's take.
The economy is not doing great. That doesn't mean the "economy is completely fucked and we are in a race to steal and horde all the data before people catch on", which is an absurd statement on numerous levels.
And don't tell me to grow up, especially when you've completely missed the point.
Have you been following current events for the past year? This is not an absurd statement.
You can’t just dismiss news you don’t want to accept as ”doomer FUD”, call a leading economics an “huckster” and then not back it up with real data. Go to twitter or truth social if you want to cherry-pick the news you want to believe in.
And what on earth does "we are in a race to steal and horde all the data before people catch on" even mean? Who is the "we" who are stealing and hoarding (which is the correct spelling FYI) compared to the "people" who would catch on that it's happening (and presumably care)? What data is being stolen, how, and from whom? Why is hoarding data a problem? Why would any of this matter in the first place if we're "completely fucked" anyway?
Could it be that people like you and the parent poster lack perspective (and potentially some self-awareness) and are prone to overreacting?
And I didn't call the parent poster any names, just pointed out that the assessment he was relying on was nonsensical (and probably designed solely to generate ad revenue and brand awareness) and his conclusions were extremely pessimistic compared to the consensus.
Should I have invented my own biased metric (maybe based on land mass since very few of the larger US states are experiencing a recession based on the source provided) as a counterpoint?
What are your ideas concerning the displayed data and narrative?