Not just Goldman Sachs but the version of Goldman Sachs that is apparently using social media as an improved method of reading tea leaves.
2.6% increase in income is a decrease when food is up 33%, energy up 10%, and housing is up 20–100%. I was once under the impression that economists are essentially mathematicians. Turns out they missed the very basics.
They can delude themselves and their already-deluded readership but they can’t convince people that they’re better off when those people know, viscerally, that their tummy is rumbling all day and that they’re shivering under the covers every night.
Not just Goldman Sachs but the version of Goldman Sachs that is apparently using social media as an improved method of reading tea leaves.
2.6% increase in income is a decrease when food is up 33%, energy up 10%, and housing is up 20–100%. I was once under the impression that economists are essentially mathematicians. Turns out they missed the very basics.
They can delude themselves and their already-deluded readership but they can’t convince people that they’re better off when those people know, viscerally, that their tummy is rumbling all day and that they’re shivering under the covers every night.