Quote:
Originally Posted by Rajoo
I just highlighted a few of your points and they are not facts but peoples feelings. And you want to base the health and strength of peoples feelings?
Come on man, you should take up preaching, that's where you will find the really gullible fools, not here.
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So, let me get this straight:
You're saying that data from on-going surveys such as the
U of M consumer sentiment survey, The Conference Board's
US Consumer Confidence Survey, or the OECD's
Consumer Confidence Index are to simply be ignored because they reflect "people's feelings"?
Damn, you better tell that to the folks at the Federal Reserve right away, 'cuz they're certainly
keeping track of that type of data. Are the folks at the Fed the "really gullible fools" that you're referring to?
Or maybe Finn is one of those "really gullible fools? Above, Finn quoted from Investopedia, and it looks like
Investopedia - gullible fools that they are - tracks that data as well.
The folks at
CNN are gullible fools too?
And the folks at
US News and World Report?
And
Bloomberg?
And the left's favorite economist,
the often wrong Paul Krugman? Lately, Paul doesn't like such indices much because he says they've become "too political", especially when the results don't flatter the Biden administration.
The fact is, my misinformed friend, that economists, even fraudulent ones like Krugman, use the results of such surveys as data points when trying to understand where the economy might be heading.