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zenithd commented on US Gross Domestic Product, Second Quarter 2022 (Advance Estimate)   bea.gov/news/2022/gross-d... · Posted by u/mrep
tlogan · 3 years ago
In other words, if it looks like a recession and quacks like a recession then it might be a recession.

And yes it much more complicated - especially it also depends on how much outside pressure NEBR has. I think there is a large pressure not to declare recession since we still have a high inflation and feds needs to continue raising rates.

zenithd · 3 years ago
the reason for the weirdness is that it doesn’t look like a recession in the labor market. Layoffs have been almost exclusively limited to tech, and within tech pre-profit or highly speculative (cryptoshovels) companies. This is important because in the US economic system labor power drives income drives inflation. (This isn’t true in all countries.)

When the employment outlook changes, and I expect it will, we will be in a traditional recession.

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zenithd commented on Why does science news suck so much?   backreaction.blogspot.com... · Posted by u/sohkamyung
timr · 3 years ago
NPR's science reporting has been abysmal for the past few years. Maybe they don't have the click-bait problem (debatable), but they routinely report everything one side of the political spectrum says as scientific fact. They also fall victim to the "experts say..." and "scientific consensus is..." tropes. Their "scientific expert" source list looks suspiciously like a group of the loudest voices on Twitter.

I say this as someone on that side of the political spectrum.

zenithd · 3 years ago
Twitter influence is now a not-insignificant leg up in faculty hiring and academic politics. It’s becoming really hard to take academic science seriously.

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u/zenithd

KarmaCake day151October 7, 2021View Original