The danger is, of course, people with “laymans” understanding of economics misapplying basic lessons from normal times into pandemic times. If they get their way, they will guarantee an L-shaped depr… (View Post)

Headlines like "The economy is forecast to bounce back to where it was by the middle of next year" from the same people that brought you the "14% contraction" headline just pass y… (View Post)

I think everyone is in agreement on this. He shows how people can simply present the actual data, comparatively, and without any agenda attached. (View Post)

Well, yes. It had the biggest possibility of reduction when it started higher and when the low-hanging fruit was picked first. It still needed to be pushed below 1.0, though, and that's where th… (View Post)

I bet most of those highlighting the BoE report are "accidentally" omitting the projections of the rebound afterwards? Because that either: 1 - Doesn't fit with causing drama and shock… (View Post)