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> Anyone with half a brain should be able to see the downturn coming soon. How are you so sure about this? You dont provide any evidence or reasoning and state
by bko 8y ago
> Anyone with half a brain should be able to see the downturn coming soon.
How are you so sure about this? You dont provide any evidence or reasoning and state is as a fact.
One argument people that make similar claims is the "never in history has an economic expansion like this continued", which is true. The argument is, based on history, we should see a downturn soon. But then you go on to mock the stress tests for relying on history.
There is no specific criticism of the "stress tests" but you just write them off as meaningless. Then you throw in a few buzz words like tipping points, feedback loops, speculation and negative interest rates.
I'm skeptical of stress tests and bank incentives as well but your comment isn't really making the best case for the argument and strikes me as uniformed
- Latteland 8y agoSkepticism is good, but stressing systems is certainly better than just hoping things will be okay. There's no rule of the world that says growth has to follow certain limits, but it's prudent and reasonable to think that things are not different this time. But the primary reason one should be concerned is we screwed up our countries macro-economic future by giving rich people giant tax cuts and juiced the economy to grow, but poorer people are facing increasing loss of the social safety net, we are building an ever bigger group of people who can't do anything but pay off their college debts. In other words, there are clear reasons to be worried about the future financially.