Washington Post (May 28)
“Nearly everything Americans believe about the economy is wrong.” A recent poll revealed that dire “perceptions of the U.S. economy are often at odds with reality.” In fact, “the U.S. economy has been growing consistently for nearly two years, even after accounting for inflation” and is “exceeding growth expectations” across most benchmarks. “The U.S. economy has been outperforming other advanced economies. We’re also doing better than pre-pandemic forecasts had situated us by now, both in terms of gross domestic product and the number of jobs out there. This generally isn’t true elsewhere in the world.”
Tags: Benchmarks, Economy, Expectations, GDP, Growing, Inflation, Outperforming, Perceptions, Poll, Pre-pandemic, Reality, U.S., Wrong
Institutional Investor (February 23)
“We found claims that impact funds must be concessionary — meaning investors give up some returns when they also pursue social goals — to be wrong. In fact, funds designed to solve some of society’s problems can produce returns comparable to non-impact funds and they can lower risks. Impact-aligned industries also can outperform others.”
Tags: Claims, Concessionary, Impact funds, Industries, Investors, Lower risks, Outperform, Returns, Social goals, Wrong
Wall Street Journal (October 26)
“The U.S. economy keeps on growing, and in the third quarter it positively boomed. This is good news by any measure, though it’s striking how few economists think it can keep going. Let’s hope they keep being wrong.”
The Guardian (September 8)
“Public opinion has swung away from Brexit, with more than half the country thinking it was wrong to leave the bloc. Crucially, a chunk of 2016 leave voters have changed their minds because Brexit hasn’t delivered either on promises that it would energise the economy or on reducing immigration. Rather, leaving the EU probably made the cost of living crisis worse.”
Tags: Brexit, Cost of living, Crisis, Economy, Energise, EU, Immigration, Leave voters, Promises, Public opinion, Wrong
The Economist (August 24)
“Whatever has gone wrong? After China rejoined the world economy in 1978, it became the most spectacular growth story in history…. Yet instead of roaring back after the government abandoned its ‘zero-covid’ policy at the end of 2022, it is lurching from one ditch to the next.” It is unlikely to be fixed soon because “an increasingly autocratic government is making bad decisions.”
Tags: 1978, 2022, Autocratic, Bad decisions, China, Fixed, Government, Growth story, Lurching, Rejoined, Spectacular, World economy, Wrong, Zero-Covid
Washington Post (July 20)
We may be living in a “Goldilocks economy,” but it “has an end date.” Last year, the investors who “thought stagflation was here to stay were wrong, and they’ll be wrong again if they count on Goldilocks sticking around. Growth and inflation will line up sooner or later, and it’s the growth data that provides a better signal for the trajectory of the economy.”
Tags: End date, Goldilocks economy, Growth, Inflation, Investors, Last year, Signal, Stagflation, Trajectory, Wrong
Washington Post (January 6)
“The Republican Party’s troubles are severe” and it’s “having a nervous breakdown in full public view…. But it is not alone. In many countries around the world, populists are flailing.” They have emerged “as an opposition movement,” but the “shallowness of its policy proposals” is being exposed. “The world’s complicated problems will always allow for someone who proposes answers that are simple, seductive and wrong. But let us hope that 2023 will see populism exposed for the sham that it is.”
Tags: 2023, Exposed, Flailing, Nervous breakdown, Opposition movement, Populists, Republican Party, Seductive, Severe, Shallowness, Sham, Simple, Troubles, Wrong
New York Times (October 7)
“The debate over Trump himself is over. The verdict is in: He cast himself as Superman, but he turns out to have been Superspreader — not only of a virus but of a whole way of looking at the world in a pandemic that was dangerously wrong for himself and our nation. To re-elect him would be an act of collective madness.”
Tags: Dangerous, Debate, Madness, Pandemic, Re-elect, Superman, Superspreader, Trump, Verdict, Virus, Wrong
The Guardian (March 26)
“How did Spain get its coronavirus response so wrong? Spain saw what happened in Iran and Italy – and yet it just overtook China’s death toll in one of the darkest moments in recent Spanish history.”
The Independent (August 25)
On Sunday, British Airways should have been celebrating 100 years of flight, instead BA was experiencing “one of the worst weekends in its 21st-century history.” When the Pilots’ Association called three days of strikes, “the airline told tens of thousands of passengers that their flights were cancelled–only to admit many of the messages were sent in error” because the wrong date range was used in sending the alerts.
Tags: BA, Cancelled, Date, Error, Flights, Passengers, Pilots’ Association, Strikes, Wrong
