I’m Ben Holland, a senior editor in Washington. Today we’re looking at the recession call at Bloomberg Economics. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.
Business publications are in a double bind. On the one hand they’re incentivized to provide good information to investors to remain relevant and useful for investing. On the other hand they are incentivized to lie to investors so that they can be taken advantage of by more well-connected investors.
So when every publication is saying the economy is good and we’re successfully having a soft landing, that actually means they want to fleece as many of their readers as possible to enrich the insiders who know what’s really going on
Business publications are in a double bind. On the one hand they’re incentivized to provide good information to investors to remain relevant and useful for investing. On the other hand they are incentivized to lie to investors so that they can be taken advantage of by more well-connected investors.
So when every publication is saying the economy is good and we’re successfully having a soft landing, that actually means they want to fleece as many of their readers as possible to enrich the insiders who know what’s really going on
indeed