Thursday, June 27, 2013

Jerry Khachoyan — Did The Fiscalists Just Win?

So, does this mean the fiscalists won? I would say that the evidence now sways in their (our?) favor. Of course, one can argue that the economy didn’t really slow down because GDI (Gross Domestic Income) had a higher reading than GDP (or that GDP is wrong). Also, one can argue that without the Fed policies, the contraction would have been worse. However I’ve learned that In macroeconomics, there is always a way to twist the data/story/question around to support your view. If you are doing that, make sure you have some evidence to back it up.
The Armo Trader
Did The Fiscalists Just Win?
Jerry Khachoyan

1 comment:

TheArmoTrader said...

Thanks for the recent linkage Tom!