I find it fascinating watching people discuss a topic. Often they will use facts and reasonable points but reach different conclusions. How you see things is a massive determinant in your life.
The US initial jobless claims have been announced by the US Department of Labour. It noted that the weekly claims were down about 110,000. It was roughly 1 million last week. This week it was 880,000. The comparable week in 2019 was circa 179,000.
So some people have noted that there is a downward trend in the weekly jobless claims, which there is. Other people noted that, compared to last year, the jobless claims are about 4.5 times higher, which it is. Both parties are right but they choose different data to make their point.
Some people will emphasise that things are getting better. They may want the incumbent President re-elected so promote the good news. Or their business may depend on the economy improving so they are sounding optimistic in the hopes others will be too. The opposite is also true. In addition, if you want or need more government money, you may highlight the negative numbers.
How you see things is not always clear cut. You often see things to suit the narrative you have in your mind already. With a cloudy vision, you can make decisions detrimental to your future.
Your Thinking...