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Bubbles, like Recessions, are designated with certainty as having occurred, only a few months after they have occurred. Mainstream media will always have stori
by justboxing 9y ago
Bubbles, like Recessions, are designated with certainty as having occurred, only a few months after they have occurred.
Mainstream media will always have stories like this every few months, because it creates F.U.D (Fear, Uncertainty, Doubt) which is a beast that feeds itself, with the end result that the stories get 100s and 1000s of pageviews in a matter of days = ad $ converted for said media outlet.
This is very similar to how the sports section teams of major news outlets declare that "Boxing is Dead" after every top boxer retires. They did it after Ali retired, after Tyson retired and most recently, after Floyd Mayweather retired. But Boxing is still alive and well to this day, even if viewership has dwindled from that in the 80s.
Related: Larry Merchant still writes letters to the local paper. This one is to the LA Times after their "Boxing is Dead" Article https://twitter.com/steveucnlive/status/779413847102722048 https://twitter.com/steveucnlive/status/779413847102722048