It's hard to argue with what the author describes as a hunch, but his threshold for "end of the world" is pretty low. I was working in an adjacent milieu at th

It's hard to argue with what the author describes as a hunch, but his threshold for "end of the world" is pretty low. I was working in an adjacent milieu at the time, and I wasn't happy when S&P tanked, but really, no one cares about unemployed bankers, unless you're in the position of the author and you know them personally. Even then, it's not the end of the world. Moreover the world isn't turned upside down when a Taco Bell manager makes $100K. And ordinary people experience an absence of money at the ATM on a regular basis when it runs out of their money the day before payday. Negative interest rates are uncharted territory, but the anecdotes supplied as background information aren't that persuasive.