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Pretty much every finance site - marketwatch, wsj, cnbc, bloomberg, zerohedge, etc along with the peter schiffs/etc clickbait it. For some reason, nytimes payw
by cityhomesteader 8y ago
Pretty much every finance site - marketwatch, wsj, cnbc, bloomberg, zerohedge, etc along with the peter schiffs/etc clickbait it.
For some reason, nytimes paywalled clickbait is constantly spammed here.
The inverted yield curve. There are thousands of articles about the inverted yield curve. The death cross. The black swan event. All just voodoo clickbait nonsense.
Also, I love how the nytimes say "wall st is concerned" as if they knew what wall st was thinking and most importantly, they think that wall st is one entity. A lot of players make up wall st.
If any of these people at these news companies knew what wall st was thinking, they wouldn't be working at news companies making pathetic union salaries. They'd worked in finance and retire before they were 25.
Simply put, when the big players want there to be a recession, there will be a recession. Markets are human created and controlled by humans. It isn't a natural entity following the laws of nature.
The invisible hand of the market doesn't mean that the hand controlling the market doesn't exist. It just means that us mere peasants aren't allowed to see it.
- qubex 8y agoI’m impressed by your post’s combination of cynicism and conspiracy-theory-type reasoning, compounded by the agency fallacy.
- cityhomesteader 8y ago> I’m impressed by your post’s combination of cynicism I'm impressed by your naivety. Where's the cynicism? I've worked on wall street/finance and I've read finance publications for decades. It's not cynicism, it's experience. > conspiracy-theory-type reasoning What's the conspiracy? > compounded by the agency fallacy. I'd advise you to give Logic 101 another try. Also look up ad hominem while at it.
- 18pfsmt 8y ago>>Simply put, when the big players want there to be a recession, there will be a recession. >What's the conspiracy? According to your first comment, the "big players" are conspiring to cause recessions when they see fit.
- jessaustin 8y agoA more charitable reading would have recessions as inevitable (which, in fact, they are) with only the timing of them controlled by "big players".
- dang 8y agoWe've banned this account for violating the HN guidelines. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- voice_of_reason 8y agoYour Pavlovially conditioned denigration of quite believable assumption that some entities have huge amount of influence on the economy is even more impressive. Never tired of employing good old "it's a conspiracy theory" conversation stopper, do you?
- jessaustin 8y agoYou have to cut the young ones some slack on this. They're just modeling what they see from "those in the know", and the conventional wisdom narrative has been really heavy on conspiracy-shaming over the last few years. When they're older they'll see that there are other ways to discuss current events.
- dang 8y agoPlease don't respond to a bad comment by adding another bad comment. Nothing good can come of snarky swipes like this. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html