Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Why is there huge disconnect of mainstream economists vs independent economists out side of the system example. Turn on CNN and FOX news mainstream economists the economy is getting better and stock market is up and jobs are up. The secretary of finance in the US or the ministry of finance in the UK the economy is getting better and stock market is up.
The professors in college the economy is getting better and stock market is up. People are spending money like crazy and going on vacation. And unemployment is low.
Now turn to independent economists and theme goes we got the worse yes worse government debt in history, huge massive bank and corporate debt, huge consumer debt and Russia, China, India, Brazil, Iran and Saudi Arabia have moved off the dollar standard.
Well mainstream economists say bla bla bla yes that is what they say bla bla bla when they read the above and say the jobs are coming back, unemployment is now low, stock market is up and people are spending money like crazy.
Than the independent economists say what about biggest government quantitative easing in history by Tump and now Biden and they say again bla bla bla, I don’t care the jobs are coming back, unemployment is low, stock market is up and people are spending money like crazy.
Than the independent economists say the government is keeping the stock market and big banks from crashing and the mainstream economists are like saying really man yes really man, I got a master in economists and my professor is saying every thing is okay this must be some conspiracy that the government is keeping the stock market up and big banks from crashing. Than the independent economists say what about biggest government quantitative easing in history by Tump and now Biden and mainstream economists say what ever dude, people are back at work, unemployment is now low, stock market is up and people are spending money like crazy.
Why is there a huge disconnect of mainstream economists vs independent economists?
Why do independent economists say the stock market is not really big metric of data to analyze the economy.
Where mainstream economics say government debt, bank debt, corporate debt, consumer debt and government quantitative easing is not metric of data to analyze the economy but the stock market and people going on vacation and buying things is metric of data?
Well all the independent economists keep saying well the millions of people yes millions of people every year going on vacation, buying clothes, cars and TV so on is not economic metric of data of the economy if you have millions and millions of consumer debt and bank debt and they getting more in debt every year.
It seems independent economists worry about money system and massive debt where as the mainstream economists only care about consumer spending and stock market these days.
Where independent economists keep saying the stock market is being prop up to give a illusion of working system. Where mainstream economists say this is a conspiracy or some thing. The stock market is being prop up to give a illusion of working system.
Also many independent economists say we never got out of the 2008 recession despite CNN and FOX news and the government saying we got out of the 2008 recession.
The answer to your question seems to be that you to define “independent” as people you agree with and have a very negative spin, and anyone who says different must be part of some mass conspiracy?
The government has to do what it has to do,printing money so we stay in our home,feed our family and feel safe venturing out,or would you rather prefer a Zallensky moment,hide in your basement and eat sawdust and getting bombed ?
Or venture into wilderness and try hunting,fishing to fill your stomach?
Yes because they say it is illegal or some conspiracy that the government has been prop up the stock market.
And that the government is lying about inflation and the economy.
Now,Ronald Reagon before he left the White House,told us according to White House research,he sees no recession for the next 100 years !
God bless our president.
As for the budget deficit,he did initially tried ,with his 2 briliant budget directors,but finally threw in the towel,the national budget cannot be balanced.
Some people choose to work with facts... Others choose to work with narratives, fantasies and delusions. The bigger the government gets, the grander the narratives, fantasies and delusions become.
My favorite book as a child was the 3 Little Pigs. The book was old and had some extended pages beyond the regularly known story...with some extended antics by the wolf....still, the cover was gone and the ending pages were gone. As such my father read to me from the same tired dog eared book each night. Depending on his mood, sometimes the pigs won, sometimes the wolf won. Sometimes they all won and once and in awhile a mysterious farmer would swoop in and they'd all lose.
That's Economics. Incomplete data sets taking stabs at knowing the unknowable, put together and a bunch of people guessing at answers while influenced by their own biases of the moment. Even with the best of intentions, that's why economists don't say the same thing. While it's a commerce major, it's certainly shares aspects with creative writing and religious beliefs.
You are lumping alot of disparate groups into "main stream" and "independent." Particularly in the latter, many exist to get attention with hyperbole and enflaming content and predictions. Many of them are accountable to no one but themselves.
"Mainstream media" and local media do seem to sing to the same sheet of music and they feel they have a responsibility not to cause panic in the populace/purchasing public. The government also avoids hyperbole and tend to be very Pollyanish, but at least they know they have to do something about the economy and the people (unlike all the provocateurs).
It's not unlike people on this CD forum. Some of them are reasonable, experienced and not prone to get emotional (ex. mathjack) while others want us to be scared, disgusted, and leery (ex. C2BP).
And I'll add that none of this is fully knowable, there is a lazy, just-tell-me-the-whole-truth tinge to the OP. Live in the grey man, life is rarely black and white!
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
