Complex Event Analysis - Report

Key Focus

  • And it imports far more consumer goods, such as clothing, electronics, cars, and car parts, than it did a half-century ago.
    And whereas cars, televisions, and household appliances drove US consumer demand in the 1960s, a much larger share of domestic spending today goes (or went) to restaurants, bars, hotels, resorts, gyms, salons, coffee shops, and tattoo parlors, as well as college tuition and doctor's visits
  • House values are now stagnant at best, and will likely fall in the months ahead.
    Mainstream economics pays little attention to such structural questions. Instead, it assumes that business investment responds mostly to the consumer, whose spending is dictated equally by income and desire. The distinction between "essential" and "superfluous" does not exist
  • Momentum supporting factors

  • (consumer, spending)
  • (cars, spending)
  • (salons, spending)
  • (restaurants, spending)
  • (parlors, spending)
  • (services, technology)
  • (services, spending)
  • (investment, services)
  • (consumer, services)
  • (cars, services)
  • Challenge supporting factors

  • (businesses, economy, services)
  • (businesses, services, workers)
  • (services, workers)
  • (businesses, services, technology)
  • (services, technology)
  • (economy, services)
  • Work-in-progress supporting factors

  • (consumer, spending)
  • (investment, services)
  • (businesses, president_john_f, services)
  • (president_john_f, spending)
  • (pent-up, spending)
  • (businesses, services, spending)
  • (services, spending)
  • (businesses, pent-up, services)
  • (businesses, model, services)
  • Complex Event Time Series Summary - REPORT


    Time PeriodChallengeMomentumWIP
    Report47.27 23.64 29.09

    High Level Abstraction (HLA) combined

    High Level Abstraction (HLA)Report
    (1) (consumer,spending)100.00
    (2) (investment,services)53.52
    (3) (cars,spending)46.48
    (4) (salons,spending)45.07
    (5) (restaurants,spending)43.66
    (6) (businesses,president_john_f,services)42.25
    (7) (president_john_f,spending)40.85
    (8) (pent-up,spending)39.44
    (9) (parlors,spending)38.03
    (10) (businesses,economy,services)35.21
    (11) (businesses,services,workers)29.58
    (12) (services,technology)28.17
    (13) (services,workers)26.76
    (14) (businesses,services,technology)23.94
    (15) (services,spending)19.72
    (16) (businesses,services,spending)18.31
    (17) (businesses,pent-up,services)11.27
    (18) (businesses,model,services)9.86
    (19) (economy,services)4.23
    (20) (consumer,services)2.82
    (21) (cars,services)1.41

    Complex Event Analysis - REPORT

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    Supporting narratives:

    • momentum (Read more)
      • And it imports far more consumer goods, such as clothing, electronics, cars, and car parts, than it did a half-century ago.
        And whereas cars, televisions, and household appliances drove US consumer demand in the 1960s, a much larger share of domestic spending today goes (or went) to restaurants, bars, hotels, resorts, gyms, salons, coffee shops, and tattoo parlors, as well as college tuition and doctor's visits
      • High Level Abstractions:
        • (consumer,spending)
        • (cars,spending)
        • (restaurants,spending)
        • (services,spending)

    • momentum (Read more)
      • And it imports far more consumer goods, such as clothing, electronics, cars, and car parts, than it did a half-century ago.
        And whereas cars, televisions, and household appliances drove US consumer demand in the 1960s, a much larger share of domestic spending today goes (or went) to restaurants, bars, hotels, resorts, gyms, salons, coffee shops, and tattoo parlors, as well as college tuition and doctor's visits.
      • High Level Abstractions:
        • (salons,spending)
        • (parlors,spending)

    • momentum (Read more)
      • It produced largely for itself, importing mainly commodities.
        Today, the US produces for the world, mainly advanced investment goods and services, in sectors such as aerospace, information technology, arms, oilfield services, and finance. And it imports far more consumer goods, such as clothing, electronics, cars, and car parts, than it did a half-century ago.
        And whereas cars, televisions, and household appliances drove US consumer demand in the 1960s, a much larger share of domestic spending today goes (or went) to restaurants, bars, hotels, resorts, gyms, salons, coffee shops, and tattoo parlors, as well as college tuition and doctor's visits
      • High Level Abstractions:
        • (investment,services)
        • (services,technology)
        • (consumer,services)
        • (cars,services)

    • challenge (Read more)
      • But it ignores three major changes in the US economy since then: globalization, the rise of services in consumption and employment, and the impact of personal and corporate debts.
        In the 1960s, the US had a balanced economy that produced goods for both businesses and households, at all levels of technology, with a fairly small (and tightly regulated) financial sector
      • High Level Abstractions:
        • (businesses,economy,services)
        • Inferred entity relationships (2)
        • (economy,services) [inferred]
        • (businesses,economy) [inferred]

    • challenge (Read more)
      • This explains why many businesses are not reopening even though they legally can. Others are reopening, but fear they cannot hold out for long. And the many millions of workers in America's vast services sector are realizing that their jobs are simply not essential.
      • High Level Abstractions:
        • (businesses,services,workers)
        • (services,workers)
        • Inferred entity relationships (3)
        • (businesses,services,technology) [inferred]
        • (businesses,services,spending) [inferred]
        • (services,workers) [inferred]

    • challenge (Read more)
      • But it ignores three major changes in the US economy since then: globalization, the rise of services in consumption and employment, and the impact of personal and corporate debts.
        In the 1960s, the US had a balanced economy that produced goods for both businesses and households, at all levels of technology, with a fairly small (and tightly regulated) financial sector.
      • High Level Abstractions:
        • (businesses,services,technology)
        • (services,technology)
        • Inferred entity relationships (3)
        • (services,technology) [inferred]
        • (businesses,services,spending) [inferred]
        • (businesses,services,workers) [inferred]

    • challenge (Read more)
      • If consumers channel their pent-up demand into new spending, this "shock-stimulus" model dictates, then businesses will revive investment, and soon enough, all will be well once again.
        This is how mainstream center-left economists and policymakers have thought about recessions and recoveries since at least the 1960s, when President John F. Kennedy and his successor, Lyndon B. Johnson, pushed through tax cuts. But it ignores three major changes in the US economy since then: globalization, the rise of services in consumption and employment, and the impact of personal and corporate debts.
        In the 1960s, the US had a balanced economy that produced goods for both businesses and households, at all levels of technology, with a fairly small (and tightly regulated) financial sector
      • High Level Abstractions:
        • (economy,services)

    • WIP (Read more)
      • House values are now stagnant at best, and will likely fall in the months ahead.
        Mainstream economics pays little attention to such structural questions. Instead, it assumes that business investment responds mostly to the consumer, whose spending is dictated equally by income and desire. The distinction between "essential" and "superfluous" does not exist
      • High Level Abstractions:
        • (consumer,spending)

    • WIP (Read more)
      • If consumers channel their pent-up demand into new spending, this "shock-stimulus" model dictates, then businesses will revive investment, and soon enough, all will be well once again.
        This is how mainstream center-left economists and policymakers have thought about recessions and recoveries since at least the 1960s, when President John F. Kennedy and his successor, Lyndon B. Johnson, pushed through tax cuts
      • High Level Abstractions:
        • (businesses,services,spending)
        • (businesses,model,services)
        • (investment,services)
        • (businesses,pent-up,services)
        • (services,spending)
        • Inferred entity relationships (3)
        • (businesses,services,technology) [inferred]
        • (services,spending) [inferred]
        • (businesses,services,workers) [inferred]

    • WIP (Read more)
      • If consumers channel their pent-up demand into new spending, this "shock-stimulus" model dictates, then businesses will revive investment, and soon enough, all will be well once again.
        This is how mainstream center-left economists and policymakers have thought about recessions and recoveries since at least the 1960s, when President John F. Kennedy and his successor, Lyndon B. Johnson, pushed through tax cuts.
      • High Level Abstractions:
        • (businesses,president_john_f,services)
        • (president_john_f,spending)

    • WIP (Read more)
      • To get America moving again, what is mainly needed is confidence, perhaps aided by stimulus. If consumers channel their pent-up demand into new spending, this "shock-stimulus" model dictates, then businesses will revive investment, and soon enough, all will be well once again.
        This is how mainstream center-left economists and policymakers have thought about recessions and recoveries since at least the 1960s, when President John F. Kennedy and his successor, Lyndon B. Johnson, pushed through tax cuts
      • High Level Abstractions:
        • (pent-up,spending)

    Target rule match count: 22.0 Challenge: 0.24 Momentum: 0.12 WIP: 0.15