Six years ago I could buy a bag of bitcoins for a nickel
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I think thereâs plenty of brainwashing going on in the social media landscape as well. Iâm going to assume that here when you say âthe mediaâ you mean the organized mainstream press. But the chaotic populist social media cesspool is all over inflation as well, it plays well into their âevery bad outcome you experience is someone elseâs faultâ narratives.
Gimme five bees for a quarter, youâd say.
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Havenât there been a zillion articles and posts and all that showing this is exactly whatâs happening?
Itâs not even 100% that traditional indicators have failed, though yes many of them are indisputably awful metrics, so much as some indicators have just stopped being used by the Things Are Better lobby
No, I am not aware of any articles that indicate that the financial situation of Americans is almost definitely actually much worse now versus six years ago, but that we simply donât have the metrics to demonstrate it.
Right? Idiots canât even grasp that they have the economic power, because we live in an economic democracy. Dumbasses.
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I read this about this topic just today.
the gas graph has both lines. both go up and down, as you can see, even though inflation has a cumulative effect.
is this a âback in my dayâ bit? cause itâs working.
Itâs not clear how to square positive economic indicators with negative economic sentiment. Itâs perhaps even more difficult to figure out why Americanâs say that the economy is terrible even as they spend, strike, and vote as if they think that the economy is fine.
Itâs pretty obvious to me: people are getting a lot more demanding on what constitutes âgood enoughâ on pretty much everything. Too much media telling people to get exactly what they want and not to settle and to fight for it. These are core themes in advertising now.
My theory is a good way to capture the zeitgeist is to pay attention to advertising obviously produced by big ad agencies. They spend a lot of time figuring out what motivates people.
So you think itâs people thinking moreso that the economy was bad before and itâs better but still bad now? Maybe polls need a âhas economy improved but itâs still not good enough optionâ rather than is economy good binary?
No, their media keeps telling them itâs bad, they get a lot more than they used to, so they think itâs bad and getting worse. Back when people paid attention to the MSM, they sometimes heard about good economic news, now they donât. Therefore the economy is worse.
Do you think if this economy continues current trends and trump wins do all of a sudden people think itâs good economy again within a year?
âstatistical fuckeryâ is telling us that most people are doing a little bit better themselves, but also underestimate everyone else. maybe itâs related to the psychological component of inflation, or maybe itâs blatant partisanship, the divide between left and right on this issue is super obvious. thereâs also the fact that both far right wing and far left wing appear to complain about the same inflation (horseshoe), but assign the blame with wildly differing points of view.
you can try to write off the math as being plain wrong, but then you are left with no concrete argument.
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Not in the overall numbers. There is nothing partisan about how SM affects us. Republicans will tick up their opinions, Dems will tick down. But the feeds will still be overwhelmingly bad because good news doesnât make for good conspiracy fodder and therefore doesnât get retweeted.
you should have no trouble finding and posting them here then. such articles would also surely win the next few nobels, not to mention make billions in the bond market.
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this is a good article. one thing jumped out
As youâve probably guessed, itâs the economic measures that seem to be right, not the opinon surveys. U.S. approval of labor unions hit 71% in August, itâs highest number since 1965. And that sentiment is backed up by a remarkable surge in labor activity, as workers in industries from film to automobiles to trucking to mail delivery have threatened or pursued labor action, resulting in better wages and better contracts.
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Trump is extremely good at manipulating the MSM and online discourse.
Heâll say some nonsense like âThe job market is the strongest it has been in any of our lifetimesâ and the media will be awash with âwell itâs strong but not THAT strongâ takes, and Maddow will run a segment about how things were better for workers in the 1950s and gramps is still alive so chessmate, and resistance libs on twitter will be like âhere are FOUR measures where the job market was actually stronger under GWBâ and people will conclude trump is mostly right.
Meanwhile Biden is like âthe economic indicators will speak for themselves, I must make every effort to never overstate the situation and stoke irrational consumer confidence or, worse, criticism from the right.â
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