Phoenix68
Well-Known Member
- Joined
- Mar 12, 2022
- Messages
- 17,798
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(You MAGATS are definitely gonna need an interpreter for this one....lotta "big words", too!)
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Disappearing Economic Data Is Bad For....Pretty-Much Everything
February 2, 2026
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"One of the most underrated revolutions of the past 50 years is the explosion of easily accessible data. Whether it's detailed breakdowns of the characteristics of every neighborhood in the US, improved weather forecasting models that give us extra days to prepare for hurricanes, or personalized genomic analyses that can give us early warnings about disease....there has never been more information more readily available than in the last few decades.(You MAGATS are definitely gonna need an interpreter for this one....lotta "big words", too!)
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Disappearing Economic Data Is Bad For....Pretty-Much Everything
February 2, 2026
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For businesses and consumers alike, this data surge has been a massive boon to the collective bottom line. A deeper understanding of our world has led to more stable markets and saved lives through disaster planning or improved medicine. But the last year has shown that this data revolution is at risk, especially for the government-produced statistics that have become the backbone for myriad industries and private providers. As this core of information erodes, there is a real risk that we may be sliding into a less measured era.
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A future without data is a future in which major actors in our economic system are flying blind. Decision-makers from the Federal Reserve and major Wall Street banks to small businesses and average American households may have to replace good information with vibes and guesses, opening the door to catastrophic mistakes.
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