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> I mean, what if you and your upper middle class friend were talking about flat panel TV prices? Would you have concluded the economy was great? Maybe if you
by mcphage 3y ago
> I mean, what if you and your upper middle class friend were talking about flat panel TV prices? Would you have concluded the economy was great?
Maybe if you buy a flat panel tv every month, you’d think it was?
- ajross 3y agoTo be clear: I was picking another outlier. In fact most american households spend rather more on personal electronics and gadgetry (not just TVs, obviously) than they do on food. Yet no one is dancing in the streets about the amazing windfall of cheap Foxconn-produced devices, because we all recognize that one market is an outlier and that the economy as a whole doesn't look that great. I'm just pointing out that freaking out about food prices is the same kind of cherry picking.
- mcphage 3y ago> In fact most american households spend rather more on personal electronics and gadgetry (not just TVs, obviously) than they do on food. Where did you learn that? It doesn’t seem very likely.