Consistency with the most innocuous parts.
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Moodys has effectively slid the block since those inflated score days leading to the financial crises 馃珷
Ugh, it turns out "top 10% by income IS NOT half of all consumption!" Rather, the top 10% is responsible for closer to 35% of all consumption, which is much less dramatic.View quoted post on X
Should've realized the number was suspect the moment I noticed it comes from Mark Zandi/Moody Analytics. He made up some suspect statistics on the contribution of the Ukraine war to inflation vs IRA, where he overstated the former and minimized the latter without doing any real analysis other than intuitive guesswork. Going to Bayesian-update Moody's Analytics as baseline non-credible going forward.
Adversity builds character, be it the weather or people.
The individual with multiple personalities
Individuals can be handled. Groups are a problem.View quoted post on X
