Re:Nearly half of American workers don’t earn enough to affo...
by Retric on Friday August 13, 2021 @05:35AM
(#28167060)
> as far as real world macroeconomic signals go
That’s some serious weasel wording right there. Either a model fits real world data or it doesn’t, ignoring all those times a model failed isn’t an eye for data it’s a delusion.
> And all the people predicting decade-high inflation and asset inflation since last year have been right so far.
That’s little different from walking into a room full of broken clocks picking those that are currently accurate and suggesting they must be working fine. If you select for people who accurately predicted the last year you then need to look at their predictions of every prior year.
That’s some serious weasel wording right there. Either a model fits real world data or it doesn’t, ignoring all those times a model failed isn’t an eye for data it’s a delusion.
> And all the people predicting decade-high inflation and asset inflation since last year have been right so far.
That’s little different from walking into a room full of broken clocks picking those that are currently accurate and suggesting they must be working fine. If you select for people who accurately predicted the last year you then need to look at their predictions of every prior year.