Or perhaps more clearly, economic aggregates only describe information that’s useless. Changes in economic operations (processes) tell us information that is useful. This is why people think they’re smart investors when it has nothing to do with them, and bad when it does. Sigh.
Source date (UTC): 2020-10-27 17:48:52 UTC
Original post: https://twitter.com/i/web/status/1321146863081431042
Reply addressees: @curri_tibio @BrankoMilan @fsaraceno
Replying to: https://twitter.com/i/web/status/1321131847259164673
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