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   Kenny Blankenship (dw2@poa.st)'s status on Wednesday, 20-Dec-2023 03:20:29 JST Kenny Blankenship
   A CNN poll from a couple weeks back found that 70 percent of people thought the economy sucked, but regime organs are still putting out Soviet tier propaganda like this.
   
   I’m increasingly of the opinion that the political class buys its own bullshit
   • BowserNoodle ☦️ repeated this.
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     Griffith (griffith@5dollah.click)'s status on Wednesday, 20-Dec-2023 03:20:28 JST Griffith

     in reply to
     @DW2 Was listening to Bloomberg radio. A guy said “I see lots of people on the street here in Manhattan. The restaurants are full, the movie theaters are full. How’s it look like the consumer is doing?” Then he sent it back to the other guy who said economists are predicting a mild recession next year due to wage growth slowing hiring.
     It might be that these people worship models in part due to the big data craze. If their models aren’t showing how the economy is really doing, they have no eyes to see. They have no way to ‘check their answer’ because nothing else is as ‘objective’ and the feel on the street outside of Manhattan is just ‘anecdotal.’ They don’t believe anything except their own model so they’re boxed in.
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     Kenny Blankenship (dw2@poa.st)'s status on Wednesday, 20-Dec-2023 03:21:30 JST Kenny Blankenship

     in reply to

     • BobsonDugnuttHB
     @BobsonDugnuttHB sure but the .01% (i.e. the ones that actually hold assets) are doing better than ever
     BowserNoodle ☦️ likes this.
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     BobsonDugnuttHB (bobsondugnutthb@poa.st)'s status on Wednesday, 20-Dec-2023 03:21:31 JST BobsonDugnuttHB

     in reply to

     @DW2 The only statement in the screencap that might possibly be true is the income inequality one, as they've definitely reduced the income of white households to be closer to that of blacks and mexicans.

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     BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Wednesday, 20-Dec-2023 03:22:33 JST BowserNoodle ☦️

     in reply to

     • Griffith
     @Griffith @DW2 Where's that /biz/ post about algorithms and the market from several years back? This is basically that in high gear.