Dating bad economy
Using other indicators can also provide a timelier gauge of the state of the economy.
In the United States, the private National Bureau of Economic Research (NBER), which maintains a chronology of the beginning and ending dates of U. recessions, uses a broader definition and considers a number of measures of activity to determine the dates of recessions.
In markets where quality varies, all suppliers can present their wares as first-rate, and this has negative consequences: The bad tend to drive out the good.
blind—and never more than when it comes to our money.
This week’s episode is called “What You Don’t Know About Online Dating.” (You can subscribe to the podcast at i Tunes, get the RSS feed, or listen via the media player above.
You can also read the transcript, which includes credits for the music you’ll hear in the episode.) The episode is, for the most part, an economist’s guide to dating online. ) You’ll hear tips on building the perfect dating profile, and choosing the right site (a “thick market,” like Match.com, or “thin,” like Glutenfree Singles.com? You’ll learn what you should lie about, and what you shouldn’t.
Although this definition is a useful rule of thumb, it has drawbacks.
A focus on GDP alone is narrow, and it is often better to consider a wider set of measures of economic activity to determine whether a country is indeed suffering a recession.
This "quality uncertainty" -- I'm using only the sexiest lingo to ensure that my own loneliness won't be caused by market failure -- affects who participates in the market.