5 ms·

In the US, the NBER is the institution that calls recessions. The NBER has never once failed to call two consecutive quarters of negative growth as a recession.

In the US, the NBER is the institution that calls recessions. The NBER has never once failed to call two consecutive quarters of negative growth as a recession. It's a foregone conclusion at this point. But wait, according to the mainstream media now, we shouldn't listen to the NBER either, they're all just a bunch of "white economists": https://www.cnn.com/2022/06/30/economy/recession-economists-nber/index.html https://www.cnn.com/2022/06/30/economy/recession-economists-...

weakfish 4y ago
I mean, CNN is basically the left version of Fox News, it’s not representative of center media.
- DuskStar 4y ago
  It's closer to the center than the other major news network, MSNBC.
  - westmeal 4y ago
    I upvoted you because downvoting to disagree is dumb, but I disagree, CNN is totally way far left.
    - DuskStar 4y ago
      CNN is indeed way far left. But there are three major news networks - Fox, CNN and MSNBC. Of those, Fox is pretty far right, CNN is far left, and MSNBC is farther left than CNN. https://adfontesmedia.com/wp-content/uploads/2022/01/Media-Bias-Chart-9.0_Jan-2022-Unlicensed-Social-Media_Hi_Res-1200x950.jpg https://adfontesmedia.com/wp-content/uploads/2022/01/Media-B...
- twoxproblematic 4y ago
  Do you have an example of "center media"? Asking because I earnestly want some of that.
  - disgruntledphd2 4y ago
    The Financial Times is relatively centrist in their coverage.
  - weakfish 4y ago
    I usually just read the AP or Reuters. FiveThirtyEight is definitely liberal but I appreciate their numbers perspective as well.
  - throwaway_4ever 4y ago
    Here's a couple media bias charts. https://www.poynter.org/fact-checking/media-literacy/2021/should-you-trust-media-bias-charts/ https://www.poynter.org/fact-checking/media-literacy/2021/sh... Like other commenter said, AP and Reuters are best at being center / neutral for now.
- tootie 4y ago
  That's not really a fair comparison. CNN sometimes plays up controversy for eyeballs, but Fox is an outright manipulator. Tucker Carlson is touting fascism and Sean Hannity was literally taking phone calls from the Oval Office asking what they wanted him to say on air. They are also being sued for libel for promoting baseless election fraud conspiracy theories. Saying they're equivalent is like saying a pigeon is like a squid because they both have a beak. https://www.theguardian.com/media/2022/jul/04/fox-oan-newsmax-lawsuits-election-fraud-claims https://www.theguardian.com/media/2022/jul/04/fox-oan-newsma... https://www.cnn.com/2022/04/29/politics/hannity-text-messages-meadows-trump-white-house/index.html https://www.cnn.com/2022/04/29/politics/hannity-text-message... https://nymag.com/intelligencer/2021/08/tucker-carlson-has-seen-the-future-and-it-is-fascist.html https://nymag.com/intelligencer/2021/08/tucker-carlson-has-s...
engineer_22 4y ago
CNN headline: Who decides if the US is in a recession? Eight White economists you've never heard of Is this a joke? It's like something you'd overhear at brunch from a group of co-eds
- alchemist1e9 4y ago
  Now recessions are racists then?
  - AdamN 4y ago
    That wouldn't be the implication of a title like that and I suspect you know you're being disingenuous. It would mean that some of our most important decisions are being made by people from a single background that doesn't reflect the makeup of their stakeholders, the American public. As a thought exercise, would you think it's not notable if the 8 person board was entirely female .. or entirely black?
    - alchemist1e9 4y ago
      I would absolutely think it was notable because if I saw “Women Economists” or “Black Economists” I would obviously be concerned the women or black economists are being treated badly. It’s shocking that you somehow think race or gender can effect the categorization by economists of economic conditions. It’s fairly quantitative situation and I’m at a loss how different backgrounds would effect that analysis.
      - AdamN 4y ago
        I mean in your mind ... if all the economists you saw in leadership positions in the US were black I suspect you would think that's notable. That was the thought exercise I was asking you to do.
      - selimthegrim 4y ago
        Black unemployment vs White?
deleted 4y ago
[deleted]

weakfish 4y ago

I mean, CNN is basically the left version of Fox News, it’s not representative of center media.

DuskStar 4y ago
It's closer to the center than the other major news network, MSNBC.
- westmeal 4y ago
  I upvoted you because downvoting to disagree is dumb, but I disagree, CNN is totally way far left.
  - DuskStar 4y ago
    CNN is indeed way far left. But there are three major news networks - Fox, CNN and MSNBC. Of those, Fox is pretty far right, CNN is far left, and MSNBC is farther left than CNN. https://adfontesmedia.com/wp-content/uploads/2022/01/Media-Bias-Chart-9.0_Jan-2022-Unlicensed-Social-Media_Hi_Res-1200x950.jpg https://adfontesmedia.com/wp-content/uploads/2022/01/Media-B...
twoxproblematic 4y ago
Do you have an example of "center media"? Asking because I earnestly want some of that.
- disgruntledphd2 4y ago
  The Financial Times is relatively centrist in their coverage.
- weakfish 4y ago
  I usually just read the AP or Reuters. FiveThirtyEight is definitely liberal but I appreciate their numbers perspective as well.
- throwaway_4ever 4y ago
  Here's a couple media bias charts. https://www.poynter.org/fact-checking/media-literacy/2021/should-you-trust-media-bias-charts/ https://www.poynter.org/fact-checking/media-literacy/2021/sh... Like other commenter said, AP and Reuters are best at being center / neutral for now.
tootie 4y ago
That's not really a fair comparison. CNN sometimes plays up controversy for eyeballs, but Fox is an outright manipulator. Tucker Carlson is touting fascism and Sean Hannity was literally taking phone calls from the Oval Office asking what they wanted him to say on air. They are also being sued for libel for promoting baseless election fraud conspiracy theories. Saying they're equivalent is like saying a pigeon is like a squid because they both have a beak. https://www.theguardian.com/media/2022/jul/04/fox-oan-newsmax-lawsuits-election-fraud-claims https://www.theguardian.com/media/2022/jul/04/fox-oan-newsma... https://www.cnn.com/2022/04/29/politics/hannity-text-messages-meadows-trump-white-house/index.html https://www.cnn.com/2022/04/29/politics/hannity-text-message... https://nymag.com/intelligencer/2021/08/tucker-carlson-has-seen-the-future-and-it-is-fascist.html https://nymag.com/intelligencer/2021/08/tucker-carlson-has-s...

engineer_22 4y ago

CNN headline: Who decides if the US is in a recession? Eight White economists you've never heard of Is this a joke? It's like something you'd overhear at brunch from a group of co-eds

alchemist1e9 4y ago
Now recessions are racists then?
- AdamN 4y ago
  That wouldn't be the implication of a title like that and I suspect you know you're being disingenuous. It would mean that some of our most important decisions are being made by people from a single background that doesn't reflect the makeup of their stakeholders, the American public. As a thought exercise, would you think it's not notable if the 8 person board was entirely female .. or entirely black?
  - alchemist1e9 4y ago
    I would absolutely think it was notable because if I saw “Women Economists” or “Black Economists” I would obviously be concerned the women or black economists are being treated badly. It’s shocking that you somehow think race or gender can effect the categorization by economists of economic conditions. It’s fairly quantitative situation and I’m at a loss how different backgrounds would effect that analysis.
    - AdamN 4y ago
      I mean in your mind ... if all the economists you saw in leadership positions in the US were black I suspect you would think that's notable. That was the thought exercise I was asking you to do.
    - selimthegrim 4y ago
      Black unemployment vs White?

deleted 4y ago

[deleted]