“Interpreting economic data is like interpreting a Monet painting in the best of times,” Mark Zandi, chief economist at Moody’s Analytics, told CNN in an interview.
“When President Biden takes credit for all jobs and says Trump lost all the jobs?
“And until it does, we won’t have a real good sense of what the new metrics are that reflect the direction in the economy and consumer confidence.”Twenty years ago, presidential elections came down to “jobs, jobs, jobs,” Brusuelas said.
“They’re going to be thinking, ‘Wait a minute, all this money’s going into this and can replace the job that guys like me do?
For the average person, the economic data only means so much anyways, Brusuelas said, adding that it comes down to “protein and petrol” versus percentage points.
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