Current Affairs

"Every Time Democrats Talk, I Want To Vote For Trump Twice"

Amen to this.

And let me tell ya, every time one of these newly minted Democratic “stars” opens their mouth, the same thought goes through my mind: Thank God for Trump. Trump is my last line of defense. Trump is the only thing that stands between me and these hallucinogenic socialist nut jobs. Trump is what’s keeping chaos and left-wing insanity at bay.

"Why Are Economists So Bad at Forecasting Recessions?"

Easy: macro is hard.

recent working paper by Zidong An, Joao Tovar Jalles, and Prakash Loungani discovered that of 153 recessions in 63 countries from 1992 to 2014, only five were predicted by a consensus of private-sector economists in April of the preceding year. And the economists tended to underestimate the magnitude of the slump until the year was almost over.

Remember: "There’s only one reliable rule of thumb in macro".