Big Take DC: Economists May Be Using Bad Data to Make Big Decisions
Odd Lots
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Hard vs. Soft Data: Economic Sentiments Unveiled
This chapter delves into the contrasting behaviors of hard and soft data as analyzed by the NFIB, exploring individual financial sentiments versus broader economic perceptions. It raises critical concerns about the impact of negative sentiments on economic growth, the influence of government data on recession predictions, and the resilience of the economy amid uncertain narratives.
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Transcript
