Saturday, August 25, 2018

Economic variables are garbage?

The other day, journalist Bob Sullivan pondered whether the economy would tank if Trump news was truly bad.
Just kidding, he seemed amazed the markets aren't tanking because Trump is on the verge of impeachment.
Perhaps the latter is mind reading, but he said he suspects the markets don't care about Trump's legal issues or the matters are already baked into the markets, hence the shrug.
Today, Bob wrote a confusing piece about the economy's strength or weakness being impossible to say based on standard indicators.
Maybe, I am mind reading, but I get the impression Bob doesn't think the economy is doing well. He dismisses the stock market, low unemployment and GDP... Perhaps his being a journalist is why he is not convinced the economy is doing well.
I'm not saying it sucks to be a journalist, but print media is vanishing, aside from The Athletic, I mean.

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