• Skip to content
  • Skip to primary sidebar
  • Home
  • About Us
  • Join the Travesty
  • Issue Archive
  • Support
  • Housing Guide
  • Goodbye Columns

Texas Travesty

Since 1997

Report: Dad is nodding at CNBC, so the economy must be good

February 12, 2020 by travesty

WASHINGTON, D.C.—For decades, economists have developed and argued over a variety of metrics to best assess economic performance—GDP, unemployment, labor productivity, and a host of other complex calculations. But this dispute exists no longer. Top economists have shifted to a consensus that only one measure truly matters: The amount Dad nods at CNBC. “For years, I used to puzzle over the jobs report, track the flows of farm employment, and obsess over the Gini coefficient,” said Jason Furman, who served as chair of the Council of Economic Advisers under President Obama. “Then, I just saw my dad slouching on the couch, nodding at Jim Cramer’s talking head with a superimposed graph next to him, and realized: ’shit, the economy must be good.’” The finding has the potential to revolutionize the way we think about the economy. Yet not all economists agree. Many point to a series of confounding factors that obscure our understanding of what “Dad nods” really mean. “Dad could be nodding because one of the anchors made a joke about the big game last night. He could be nodding because there’s a World War II movie marathon on TNT tonight. We simply don’t know,” claimed Janet Yellen, ex-Chair of the Federal Reserve. At press time, however, the evidence was undeniable. The re-run of Mad Money corresponded with an estimated 281,000 nods from Dads around the country, providing definitive proof that the economy is indeed doing pretty darn well.

  • Share
  • Tweet

Filed Under: News

Reader Interactions

Primary Sidebar

  • Facebook
  • Twitter
  • YouTube

Recent Posts

  • The Texas Travesty- November 2022
  • The Texas Travesty- October 2022
  • Hidden Figures: Cain
  • Missing Children Were Inside the Milk Carton the Whole Time
  • The Texas Travesty – September 2022
Tweets by TexasTravesty

Archives

  • November 2022
  • October 2022
  • September 2022
  • April 2022
  • March 2022
  • February 2022
  • November 2021
  • October 2021
  • September 2021
  • April 2021
  • March 2021
  • February 2021
  • November 2020
  • October 2020
  • September 2020
  • May 2020
  • April 2020
  • February 2020
  • November 2019
  • October 2019
  • June 2019
  • May 2019
  • February 2019

Copyright © 2023 · Magazine Pro on Genesis Framework · WordPress · Log in