Hub for Quantum Financial Tech
Okay, so the OECD – those guys nobody actually listens to unless they're trying to justify some pre-baked policy decision – are saying the global economy is shrugging off US trade whatever-they're-calling-them-this-week. Right. And I'm supposed to believe this?
Economic Forecasts: Still Wrong, Still Useless?
The Usual Suspects
Let's be real: economic forecasting has been a clown show for the last decade. Brexit? They whiffed it. Trump? Whiffed it bigger. Pandemic? Don't even get me started on the parade of "experts" who were dead wrong about *everything*. Inflation? Ukraine? AI? Each one a fresh opportunity for these so-called experts to prove they're about as useful as a screen door on a submarine.
And now, after all that, they expect us to swallow this happy-clappy forecast about trade levies? Give me a break. It's like they're living in some alternate reality where consequences don't exist and everything's coming up roses.
I mean, is it just me, or does anyone else remember 2008? Or, you know, *literally any other time* economists have confidently predicted smooth sailing right before the Titanic hit an iceberg?
Here's a thought: maybe, just maybe, the problem isn't the economy. Maybe it's the economists. Maybe we should just replace them all with a Magic 8-Ball and call it a day. At least the Magic 8-Ball has the decency to occasionally say "Outlook not so good."
OECD Says "Weathering" Trade Levies—or Just Ignoring the Damage?
What's the Catch? There's Always a Catch
The OECD's spin is that the world economy is “weathering” these trade levies. Weathering? That's the best they've got? It sounds like they're talking about a slightly bumpy plane ride, not a potential economic sh*tstorm.
What does "weathering" even *mean* in this context? Are companies just eating the costs? Are consumers getting screwed with higher prices? Are entire industries collapsing in slow motion while the OECD pats itself on the back for its amazing forecasting skills?
And what about the *unforeseen* consequences? Because there are always unforeseen consequences. That's, like, the only thing you can reliably predict about the economy. It's a giant, chaotic system, and poking it with trade levies is like kicking a hornet's nest.
Offcourse, maybe I'm just being cynical. Maybe the OECD is right this time. Maybe the world economy is actually invincible.
Then again, maybe pigs will fly.
OECD's "Resilience"? Unicorn Farts, More Like It
The Missing Pieces
Here's what's really grinding my gears: the lack of detail. The [Structured Fact Sheet] is suspiciously silent on the *why*. Why is the world economy supposedly handling these levies so well? What are the specific mechanisms at play? What assumptions are they making? According to Global Economy Shows Surprising Resilience to Tariffs, OECD Says - Bloomberg.com, the OECD believes the global economy is showing surprising resilience.
It's like they're trying to sell us a car without letting us see the engine. Or, more accurately, like they're trying to sell us a self-driving car that's powered by unicorn farts.
And look, I get it. Economic forecasting is hard. There are a million different variables, and nobody can predict the future with certainty. But that's no excuse for serving up this kind of vague, optimistic pabulum.
So, What's the Real Story?
This whole thing smells fishy. The OECD's track record is atrocious, their explanations are paper-thin, and the entire narrative feels like a desperate attempt to prop up a failing policy. Color me unsurprised.