mean average error on the CES is ~0
American Economics Thread
- Thread starter Bernard
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mean average error on the CES is ~0
No the always negative revisions are a recent 2-3 years thing. Notice how he's trying to bullshit and cover it up by using 2003-preaent so there's 20 years of normal data to obscure what has been happening recently?
A while back, I literally went through 2023 and compiled the average for the year, it was negative by ~30%. Keep coping.
Oh there is plenty of room for revision. I have a feeling that they are holding it back in case the rate cut is not as big as anticipated.
The estimates in 2022 were revised upwards by 0.3%. And systematic errors in the sign of the error aren’t evidence of “rigging” or whatever else. If you have non response bias due to some unobservable highly correlated with employment status, the signs of your errors will consistently be wrong until said unobservable variable can be correctly adjusted for. Even more so, since survey response rates across the board have declined. Regardless, both the QCEW estimates and data on tax withholdings both point to sustained strength in the labor market and both are based on more accurate administrative data that covers a much broader range of employment
the increase in international travel must be because U.S. households are in such financial distress, they can only cope with it by traveling to foreign geographies to relax and learn accounting
The U.S. writing China out of the EV software space. What’s more, by making the space for FDI from China to be so toxic, even projects that would otherwise be profitable are now unprofitable due to project delays/litigation/communication strategies, which makes it a positive feedback loop due to the lack of any cohnterbalancing forces in the U.S.-China relationship.
China should be very far ahead of the Americans when it comes to this kind of software, to promote L3 or L4 or L5 driving.
The simple fact is that China has a standalone 5G network, where the cars of the future, all EVs, will be connected to this low latency network.
America does not have a national wide 5G network. America does not even have much EVs. Hehe.
This move, is blatant protectionism.
Also, it is blatant attempt to save face by the Americans.
Everyone knows L3 L4 and L5 if we ever get there, those cars are connected to the network, that very same 5G network the Americans do not have.
Correction, they are writing china our of THEIR ev software space. The US isn't the world.
Does US car companies have good EV software to speak of. Their EVs are not competitive, otherwise why would they tariff Chinese EVs to protect their market. Other than Tesla, US ev software is trash. Now that they block Chinese software, it will not make their software space better. What happened to free trade? Pure hypocrisy.