4 ms·
Here's a rubric for evaluating stories like this. First, think back to news stories from 2007. Everybody's house is going to keep going up in value forever.
by mnemonicsloth 16y ago
Here's a rubric for evaluating stories like this. First, think back to news stories from 2007. Everybody's house is going to keep going up in value forever. Wall Street is an obvious place to go if you're smart and ambitious and want an easy way to make a lot of money. Is America ready for a black president?
However wrong-headed that seems now, however enormous a failure of imagination or refusal to pay attention to what's actually going on in the world, that's how stupid this article will look after whatever big thing happens next starts happening.
None of which is to say that the world isn't changing. But Time is a business that sells magazines, and a very effective way to do that is to spin anxieties common among its audience into a narrative and then feed that narrative back to them in an authoritative way.
- michaelcampbell 16y ago> First, think back to news stories from 2007. Everybody's house is going to keep going up in value forever. Wall Street is an obvious place to go if you're smart and ambitious and want an easy way to make a lot of money. Maybe I'm old, but I remember none of these stories. I understand your point here (and there are a group of successful traders whose main "technical indicator" is headlines from a certain set of periodicals; they trade against whatever the consensus is), but I'm sensing the gathering of reeds for the strawman construction just a wee bit... =)