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Is the US economy so fragile that it can be thought-crimed into a recession? This fear has nothing to do with any politician or political party and everything
by spamizbad 7y ago
Is the US economy so fragile that it can be thought-crimed into a recession?
This fear has nothing to do with any politician or political party and everything to do with the trauma from ‘08
- ScalaFan 7y agoThere are some people with trauma from 2000/2001.
- 40acres 7y agoAll economies are subject to this because markets are based on trust and faith. If enough doubt is generated then the markets will reflect that in a downturn.
- spamizbad 7y agoIsn't there a pretty big gulf between losing faith in a market and thinking there's a recession around the corner? A breakdown in trust in a market would more closely resemble an economic collapse rather than a a few quarters of contraction, wouldn't it?
- jp555 7y agoI think you're underestimating the amount of randomness at play in complex interconnected systems like markets.
- rifung 7y ago> Is the US economy so fragile that it can be thought-crimed into a recession? I think those in Behavioral Finance would argue yes, at least to a certain extent. https://www.cnbc.com/2019/03/07/shiller-self-fulfilling-prophecy-of-recession-could-ruin-bull-run.html https://www.cnbc.com/2019/03/07/shiller-self-fulfilling-prop...