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This is sort of the same sentiment that people have towards things like Bird Flu. It didn't happen, so the experts were wrong, and it was all a load of hot air.
by tomelders 10y ago
This is sort of the same sentiment that people have towards things like Bird Flu. It didn't happen, so the experts were wrong, and it was all a load of hot air. But in actual fact a lot of people behind the scenes worked very hard to make sure it didn't become a problem.
- gcp 10y agoY2K doomsday etc. Wasn't it expected that the markets would rise as soon as uncertainty about Trump started dropping off? Market pricing tries to look ahead.
- jfabre 10y agoWho worked behind the scene after the election to make sure that the economy doesn't crash?
- deleted 10y ago[deleted]
- coldtea 10y ago>But in actual fact a lot of people behind the scenes worked very hard to make sure it didn't become a problem. Even more worked harder to sell useless drugs for the epidemic.
- PJDK 10y agoI don't understand how the analogy stands? The warning was if [Brexit/Trump] then bad market outcome because those things are intrinsically bad. It's not a bug that can be fixed - it's a situation to be analysed. Not only that but the bad impact was one of the given reasons to not do the thing in the first place. "A Brexit vote might cause some problems but they are fixable" is a pretty different message to "A Brexit vote will cause an instant recession".
- crusso 10y agoI agree that there was a bird flu effect that you describe. Likewise, I always point people at Y2K as being a case in point where a lot of hype created the work that deflated the danger - but lay people could only see the hype. That said, who worked to make sure that the market didn't crash after Trump got in office?