A recent post in CNN/Money featured Andy Warhol’s 1984 “U.S. Unemployment Rate. No Campbell Soup Cans but it feels strange to associate his art with economic data from the 1980s. It somehow works for me. One of the coolest property inspections I made was through “The Factory” years ago.
In 2007 the “Stand-up Economist” Yorman Bauman led the way with this much watched video on the difference between macro and micro economists. “Microeconomists are wrong about specific things while macroeconomists are wrong about things in general.” HI-larious.
And recently the TV game show “Teen Jeopardy” had 5 questions about the “Federal Reserve.”
Christie’s sales rep said:
“Economic data has become popular culture. While we used to think of it as being some kind of verified information only for people who are really knowledgeable about the economy, it’s popular culture now. You can talk to a taxi driver about it.”
I completely agree. Gangnam Style and GDP now go hand in hand.
We devour housing data ie the recently released Real Deal Data Book (I’ve got a lot of charts and tables in there!)
Throw in the heavy downloads of our report series for Douglas Elliman, NAR Research, CoreLogic, Case Shiller, RealtyTrac, etc. it’s clear to me that housing data is an obsession and embedded in popular culture (thank goodness).
Jonathan, great post. It reminded me of an old story in the Onion: “Something About Tax Cuts Or Earnings Or Money Or Something In Recent Economic News” http://www.theonion.com/articles/something-about-tax-cuts-or-earnings-or-money-or-s,18169/
Thx Dave. hehe. The Onion really is our finest news source.