Citi's Buiter Says Hard Economic Data Does Not Exist

The video discusses the differences between soft and hard data, focusing on GDP estimates from the Federal Reserve and Atlanta Fed. It critiques the quality of data and surveys, highlighting the impact of reduced government resources. The video explores divergences in economic data, emphasizing the gap between optimism and actual economic indicators. It concludes with a discussion on economic beliefs and policy expectations, particularly regarding corporate tax and infrastructure spending.

What factors does the speaker believe influence business capital expenditure decisions?

What beliefs did people have at the beginning of the year regarding corporate tax rates and infrastructure spending?