The state of financial journalism and research is so bad that almost all articles about German incomes refers to one data source from one institute from 2018.
And the articles all sound like they were written by the same idiotic, long-winded bot.
#DeadInternet
German journalism?
That's a funny joke.
It is a strange transition.
Its hard to imagine a world without Photoshop where looking at a photograph meant there was a better chance than not you were looking at something real.
Likewise it will be hard for anyone in the future (and really now) to look at any text and think it was written by a human and not by a LLM.
The technology is inevitable. My hope is that we can move through this clunky phase where an AI article provides less value than a well researched human article to a world where the AI articles are better written and provide greater value than those written by people.
Well, if you have edge, you don't write about it. So only not so interesting stuff is written about, the really interesting stuff is traded.
That's why I like market prices (including prediction markets) more than journalists. I once wanted to bet 100$ with a financial journalist ("analyst") so he has more skin in the game in his "prediction". He did not want to do it - he earns a salary as a journalist regardless of whether the stories he invents in his head are true or not. The real category of financial journalism is "entertainment".
(Here's a chapter from my book about prediction markets: https://juraj.bednar.io/en/blog-en/2021/06/23/prediction-markets-crowdsourcing-information-for-good-decisions/ )
Yeah, but this basic national demographics. 🤷♀️ The stats get published every year, but they're too lazy to recalculate the numbers from the new data sets, so they go back to the calculations of someone else.
