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AAA rating of the United States government bonds at risk due to politics

“Fitch Ratings, a credit rating company, is considering downgrading the AAA rating of the United States government bonds. The problem is not the economy. In fact, the Fitch Ratings report praises the economy, saying it “has recovered much more rapidly than expected, helped by policy stimulus and the roll-out of the vaccination program, which has…

Why did God create economists? To make weather forecasters look good.

“The joke’s an old one, but it’s been given new life after the chief economist of the Bank of England—among the most important jobs in the profession—compared economics to one of the biggest forecasting failures of weather people.” “Andy Haldane is optimistic that, like meteorology after its fiasco, applying more data and advanced computing can help…