He likens the debate over whether the world’s largest economy is in recession to ‘schrödinger's cat’, a thought experiment conducted in 1935 by the austrian physicist erwin schrödinger, a pioneer of quantum mechanics. Our base case, generally soft but occasionally bumpy landing characterized by gross bidirectional market overreactions in response to noisy and/or confusing economic data that we’ve termed “schrodinger’s recession”, has us on the lookout for another reversal. Treasury secretary bessent has recently stressed that the administration’s economic strategy encompasses three “interlocking” elements
Tariffs, tax cuts and deregulation Where a company is both [one of] the most valuable on the planet yet also too poor to pay for the materials it profits from. When he says “interlocking,” bessent does not mean simply that the economic impact will be the sum of the three.
In the paradoxical world of modern economics, a peculiar phenomenon has emerged, aptly dubbed “schrodinger’s economics” by commentator caitlin moran. But this goes straight against everything that economics tells us Not only is the united states a large and mostly closed economy, where trade plays a relatively small role. Bank earnings were better than feared despite a steep decline in ib revenue, and according to jamie dimon and brian moynihan, the us consumer is holding up well — very well, even, under the circumstances
And, much like q2, the bar was preemptively lowered In june, q3 profits were seen rising 10%. Commenting in the times on the absurdity of meta's copyright infringement claims, caitlin moran defines schrodinger's economics
