4 ms·

> I believe there are plenty of people who would in a heartbeat spark a recession for millions of people as long as it let them get rid of Trump. Geez, I don't

> I believe there are plenty of people who would in a heartbeat spark a recession for millions of people as long as it let them get rid of Trump. Geez, I don't think anyone was implying that was the reason the media was talking recession. Do you know any reporters, and are you familiar with how they work? I do, and none of them just make up stories the way you are implying. I suggest that when people imply 'fake news', that the burden of proof be placed on them.

jerf 7y ago
I didn't say it would be reporters. They pretty much just relay things from people in the financial business, who have a whole range of interests of their own. Reporters would have very limited ability to independently decide there's a recession coming, just as they have a limited ability to come to their own conclusions in any other domain. Bear in mind we live in a world where this happened: https://slate.com/business/2019/08/william-dudley-fed-trump-interest-rates-economy.amp https://slate.com/business/2019/08/william-dudley-fed-trump-... (Note: generally liberal site, not a foxnews or brietbart pick.) It's not exactly a crazy conspiracy theory when the former head of the Fed is openly talking about this sort of thing. I mean, quite the contrary; you've got to pay attention to that sort of source! If that's out in the open, what do you think is going on behind closed doors?
- gerbilly 7y ago
  The reporters I know won't publish a claim without two or more independent sources.
  - jerf 7y ago
    It would probably be a challenge to find a time when reporters couldn't find two people who think bad times are just around the corner. Predicting recession is the economic equivalent of the first post on HN being disagreement with the posted article, and just as popular. And that's long before accounting for the possibility of agendas skewing what people say, since I hardly believe our financial system is run by disinterested angels, or by people who inexplicably have failed to notice how much power they have when they open their mouth. You don't stand a chance of convincing me that all of the participants in this process are just upstanding folks who wouldn't dream of doing anything untoward and that there's nobody would even spare a single thought for how they might manipulate the system for their own goals. The pile of evidence you'd have to present to overcome the pile of evidence that we all have (not just me) to the contrary is too large to fit on planet Earth.
    - gerbilly 7y ago
      > It would probably be a challenge to find a time when reporters couldn't find two people who think bad times are just around the corner. Sure, and you don't think journalists have developed a culture around this fact? They're not dumber than people on HN because they don't use machine learning models. They've developed practises to avoid being manipulated. And yes, those practises do fail or break down sometimes, or PR flaks find new ways to sneak their agendas in, sure, and this is why you should read news from multiple independent sources.

jerf 7y ago

I didn't say it would be reporters. They pretty much just relay things from people in the financial business, who have a whole range of interests of their own. Reporters would have very limited ability to independently decide there's a recession coming, just as they have a limited ability to come to their own conclusions in any other domain. Bear in mind we live in a world where this happened: https://slate.com/business/2019/08/william-dudley-fed-trump-interest-rates-economy.amp https://slate.com/business/2019/08/william-dudley-fed-trump-... (Note: generally liberal site, not a foxnews or brietbart pick.) It's not exactly a crazy conspiracy theory when the former head of the Fed is openly talking about this sort of thing. I mean, quite the contrary; you've got to pay attention to that sort of source! If that's out in the open, what do you think is going on behind closed doors?

gerbilly 7y ago
The reporters I know won't publish a claim without two or more independent sources.
- jerf 7y ago
  It would probably be a challenge to find a time when reporters couldn't find two people who think bad times are just around the corner. Predicting recession is the economic equivalent of the first post on HN being disagreement with the posted article, and just as popular. And that's long before accounting for the possibility of agendas skewing what people say, since I hardly believe our financial system is run by disinterested angels, or by people who inexplicably have failed to notice how much power they have when they open their mouth. You don't stand a chance of convincing me that all of the participants in this process are just upstanding folks who wouldn't dream of doing anything untoward and that there's nobody would even spare a single thought for how they might manipulate the system for their own goals. The pile of evidence you'd have to present to overcome the pile of evidence that we all have (not just me) to the contrary is too large to fit on planet Earth.
  - gerbilly 7y ago
    > It would probably be a challenge to find a time when reporters couldn't find two people who think bad times are just around the corner. Sure, and you don't think journalists have developed a culture around this fact? They're not dumber than people on HN because they don't use machine learning models. They've developed practises to avoid being manipulated. And yes, those practises do fail or break down sometimes, or PR flaks find new ways to sneak their agendas in, sure, and this is why you should read news from multiple independent sources.