- by New Deal democrat
A vignette....
Cognoscenti: “It’s impossible to forecast the economy.”
Forecaster: “Actually, if you rely upon a tried and true series of long and short leading indicators, you ca-“
Deity: “OH YEAH??? TRY FORECASTING THE GIANT SCREAMING METEOR OF DEATH!!!!!”
G.S.M.O.D.: [BOOM!]
Forecaster [poking head through rubble]: “Y’know, Deity, that really wasn’t very fair.”
Sigh. At least, the high frequency indicators have been the first to show the economic impacts of the coronavirus, as opposed to waiting around for monthly data. The Weekly Indicators post is up at Seeking Alpha.
Clicking through and reading will bring you as up to date as possible on the economic carnage, as well as reward me a little bit for my efforts.
