In the US, the NBER is the institution that calls recessions. The NBER has never once failed to call two consecutive quarters of negative growth as a recession. It's a foregone conclusion at this point.
But wait, according to the mainstream media now, we shouldn't listen to the NBER either, they're all just a bunch of "white economists":
That wouldn't be the implication of a title like that and I suspect you know you're being disingenuous. It would mean that some of our most important decisions are being made by people from a single background that doesn't reflect the makeup of their stakeholders, the American public.
As a thought exercise, would you think it's not notable if the 8 person board was entirely female .. or entirely black?
I would absolutely think it was notable because if I saw “Women Economists” or “Black Economists” I would obviously be concerned the women or black economists are being treated badly.
It’s shocking that you somehow think race or gender can effect the categorization by economists of economic conditions. It’s fairly quantitative situation and I’m at a loss how different backgrounds would effect that analysis.
I mean in your mind ... if all the economists you saw in leadership positions in the US were black I suspect you would think that's notable. That was the thought exercise I was asking you to do.
That's not really a fair comparison. CNN sometimes plays up controversy for eyeballs, but Fox is an outright manipulator. Tucker Carlson is touting fascism and Sean Hannity was literally taking phone calls from the Oval Office asking what they wanted him to say on air. They are also being sued for libel for promoting baseless election fraud conspiracy theories. Saying they're equivalent is like saying a pigeon is like a squid because they both have a beak.
CNN is indeed way far left. But there are three major news networks - Fox, CNN and MSNBC. Of those, Fox is pretty far right, CNN is far left, and MSNBC is farther left than CNN.
But wait, according to the mainstream media now, we shouldn't listen to the NBER either, they're all just a bunch of "white economists":
https://www.cnn.com/2022/06/30/economy/recession-economists-...