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Discussion (63 Comments)Read Original on HackerNews
And the “almost” is simply because often the articles are very well written and a pleasure to read even when the actual topic and argument are deeply deranged. Amazingly this was especially true when Boris was the editor!
The pink is also wrong more often than not when they're talking about non-European issues.
When they talk about Europe they lie.
Subtle difference.
I tend to think this is true. The economist doesn't project into quite the same mindset of outcome, so I still think (despite your polemic) it's less likely the fin randomly lies about things, but I'm prepared to consider it on it's merits if somebody gives me better reasons than what I am afraid is just .. ranting.
I find that pretty convincing and I do check out such papers occasionally for that reason.
I used to read it regularly. I can’t imagine anyone looking to them for predictions, as even a casual reader could probably outline the magazine’s views on most any topic. Let me skim 4-5 recent issues, and I could probably replicate anything they would predict with like 85% accuracy!
I will say that my favorite part of the magazine was the wacky ads for big shots working for African countries, various UN things, NGOs, etc.
https://en.wikipedia.org/wiki/Fedspeak
Quote from Greenspan himself:
> As Fed chairman, every time I expressed a view, I added or subtracted 10 basis points from the credit market. That was not helpful. But I nonetheless had to testify before Congress. On questions that were too market-sensitive to answer, 'no comment' was indeed an answer. And so you construct what we used to call Fed-speak. I would hypothetically think of a little plate in front of my eyes, which was the Washington Post, the following morning's headline, and I would catch myself in the middle of a sentence. Then, instead of just stopping, I would continue on resolving the sentence in some obscure way which made it incomprehensible. But nobody was quite sure I wasn't saying something profound when I wasn't. And that became the so-called Fed-speak which I became an expert on over the years. It's a self-protection mechanism ... when you're in an environment where people are shooting questions at you, and you've got to be very careful about the nuances of what you're going to say and what you don't say.
https://www.richmondfed.org/publications/research/econ_focus...
https://www.readtrung.com/p/the-economist-cover-curse-explai...
...Normie?
What does that even mean in this context
Who cares if they're right about something? Are they putting money on the line? What is their P/L for being "right"?
Yes.
https://en.wikipedia.org/wiki/Betteridge%27s_law_of_headline...
Mainstream predictions are easy, usually it means predicting status-quo. It's the out-of-consensus that matters (right 2 quadrants) and it looks like they are slightly worse than 50/50 on those.
Props for publishing it though.
It seems it may also be used for really embarrassing things that will make powerful people mad if you just state them outright so it is necessary to state it as a question when you know the answer is yes.
Of course any yes or no question can be answered "no" but Betteridge, as we know, means a factually correct answer, and so there are these edge cases where the question mark is used for slightly different reasons than the law assumes and can be answered "yes".
https://archive.is/FziAy
The Economist is partly owned by the Rothschild dynasty and was chaired by Evelyn de Rothschild for 17 years, so I've always just assumed it is going to tell you whatever would favor the global elite banking class.
The Economist is part of The Economist Group, a private company with a special ownership structure designed to preserve editorial independence. Its shareholders date back more than a century, and include great names in British business, such as the Sainsburys, Cadburys and Schroders. Other shareholders today include funds owned by the Agnelli and Rothschild families. Many staff of The Economist Group also own shares, which are privately traded twice a year.
The company’s constitution does not permit any individual or group to gain a majority shareholding, and no shareholder can exercise more than 20% of voting rights. The editor is appointed by trustees, who are independent of commercial, political and proprietorial influences. This structure ensures that The Economist can take an independent view of the world—free to challenge conventional thinking and concentrations of power. Its role is to inform, not to serve vested interests.
https://myaccount.economist.com/s/article/Who-owns-The-Econo...
You were meant to ingest the word "Rothschild" and then immediately cease all thought and begin your 60 seconds of hate.
When you see the title, you are excited to read, then you're hit with a paywall. Such a bummer.
People did actual research on how much the 'old!' thing was very inconsistent in narrative and framing:
https://css.seas.upenn.edu/new-york-times-a-case-study-in-in...
When people disagree about something, hearing from both sides is important. Can this ideal of openmindedness be cynically abused by strawmanning one side while steelmanning the other? Yes, but in that case the appropriate response is to criticise the specific ways that one or both sides were misrepresented -- which is also the appropriate response to a piece that only presents one side, and does it badly. Muttering about "both sides" never adds anything to an argument. All it does is signal a deep commitment to remaining entrenched in your current position.
In the real world there are many perspectives on a given issue, and a lot to be learned by everyone through open discussion. "Both sides" mentality discourages this, and also tends to give too much airtime to extreme views.
https://en.wikipedia.org/wiki/False_balance
It's fine if you're talking about something where there are a broad spectrum of fairly reasonable policy positions. It's not fine when you have a TV segment that's like "here's Christina, an astrophysicist from Stanford, explaining how we measure the circumference of the earth, and up next we'll have Bob from the flat earth society"
For those unaware, the economist ran this [1] image after Biden’s historically disastrous debate in ‘24 (as a result of Biden’s age based senility being on full display after months of party and media complicity).
[1] https://www.economist.com/leaders/2024/07/04/why-biden-must-...