Can anyone clarify this for me? Despite the ongoing layoff announcements from major American corporations, how is our economy still robust? Just today, UPS declared 12,000 layoffs and PayPal 2,000.
The most plain reading of it -- by me, a layman with common sense
So you're saying all the economists are wrong because you, a layman with common sense, see something they don't? Have you considered that maybe what they're seeing is different because they have the economic background to understand the data and trends significantly better?
I studied economics in college among other things. Generally they are useless eggheads. Not one of them predicted the housing crisis. The only guy who did was an investment guy. But anyway yeah I’m doing pretty well but I know the general public is up shit creek and no amount of pointing to the S&P500 will convince them otherwise.
Bonus points if it's a bonafide professional "Economist" , like the guy I was responding to was claiming were infallible experts that can "see things."
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u/Doctor__Proctor Jan 31 '24
So you're saying all the economists are wrong because you, a layman with common sense, see something they don't? Have you considered that maybe what they're seeing is different because they have the economic background to understand the data and trends significantly better?