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I started to heavily pay attention to economics about 15 years ago. I thought economists had a decent grasp on things, given the massive complexity of it all. G
by gilbetron 3y ago
I started to heavily pay attention to economics about 15 years ago. I thought economists had a decent grasp on things, given the massive complexity of it all. Going through the pandemic and post-pandemic era, I can only conclude that economists and their ilk have no idea what they are doing. Nobody is getting anything near correct anymore. I don't really care anymore to try to predict things, and I don't really care what other people predict, because while there is a small chance the guess correctly, it is only a guess. Instead, I just read and watch mostly factual information to just pay attention as it plays out. So now I'll read Freightwaves or Wolf Street or mining.com just to see what is actually happening, and care less about any commentary that isn't explanatory.