Disclaimer

Content offered is not an endorsement to take any action in the financial markets. Any reliance you place on data analysis is strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of tenjinMacro and tenjinData websites.

On Models

Economics is contested. Schools of thought clash, professionally, over axioms and theorems. Further, economist Ha-Joon Chang reminds us;

Any model of the economic system is likely to be so marginal in explaining reality it should probably be deemed as propaganda. All theories are partial; reality is complex.

All models are abstractions. The future is fundamentally uncertain.