98.2 NBC News Poll Shows Economic Wisdom of the Crowds
———Ep 98.2 Summary———
A long-standing NBC News Survey shows John & Jane Q. Public perceive the economy’s condition BETTER than economists who anchor to the unemployment rate. Since 2005, US citizens have sensed each global dollar squeeze. They may be noticing another one, right now.
———Ep 98.2 Topics———
00:00 Intro: The average American perceives the state of the economy better than economists.
00:47 NBC News surveys Americans on various political items; and the state of the economy.
01:53 In 2005 Americans said the economy was worsening despite the ? unemployment rate.
04:41 In 2011 Americans said the economy was worsening despite the ? unemployment rate.
06:28 The average American is a little bit above average in perceiving the economy.
08:25 In 2015 Americans said the economy was worsening despite the ? unemployment rate.
10:53 In 2015-16 Americans and Britons voiced displeasure with the economy via the ballot box.
12:04 In 2019 Americans said the economy was worsening despite the ? unemployment rate.
15:25 Wisdom of the crowds can offer a better estimate of questions than expert guesses.
20:10 In 2021 Americans say the economy is worsening despite the ? unemployment rate.
22:13 The poor economy is a political cudgel both parties use against each other.
23:07 Outro: Why do we continue to apply orthodox medicine to an unorthodox disease?
———Ep 98.2 References———
They’ve Lost That Loving Feeling: https://bit.ly/3zJ6sB3
NBC News Survey Study #210188: https://bit.ly/3n5o0Ec
Alhambra Investments Blog: https://bit.ly/2VIC2wWlin
RealClear Markets Essays: https://bit.ly/38tL5a7
Jeff Snider, Head of Global Investment Research for Alhambra Investments and Emil Kalinowski. Art by the pen of the people, David Parkins. Podcast intro/outro is “UntrainedEye” by _91nova from Epidemic Sound.