On the ongoing subject of economic injustice, somehow the systematic milking and bilking of the general public is never discussed, despite the fact that it's the only thing that keeps this Ponzi scheme running. So here we go...
"Animal spirits is the term John Maynard Keynes used in his 1936 book The General Theory of Employment, Interest and Money to describe the instincts, proclivities and emotions that ostensibly influence and guide human behavior... It has since been argued that trust is also included in or produced by "animal spirits".
Say no more. Social mood peaked a year ago amid record inflows to the casino. Which is why the Ponzi mind trick is inconveniently wearing off...
Nevertheless, economists have an unbroken tradition of NEVER predicting recession ahead of time, to protect. It's clearly safer to be a member of a profession of known dunces than to assume the career risk of breaking from the pack.
Economists are looking at old and stale data to predict the future. Getting even more stale due to the shutdown:
"What the heck is going on in the economy? It’s anyone’s guess"
“Growth is slowing everywhere, but it is far too soon to run for the exits”
Too soon. Too late. What's the difference?
Along with their available capital.
Which is solely a function of misplaced "trust" in over-confident buffoons.
Which can only mean one thing in Ponzi World.