4 ms·

I’ve seen impending economic doom being pushed on HN since 2016

• disgruntledphd2 6y ago
  To be fair, the insanity of both the stock and bond markets started becoming really apparent around then. Still hasn't gotten any more sane, unfortunately.
  • lostmsu 6y ago
    Or maybe it is perfectly sane, and you just don't understand mechanisms at play?
    • disgruntledphd2 6y ago
      In so far as the stock market is supposed to reflect the real economy, it's entirely insane. Bonds are being sold that pay less money back than their sticker price. The equivalent is the bank charging you 400k for a 500k mortgage. That's pretty insane. Stocks are apparently worth 30 years of their current profits, even for those stocks without a history of consistent profit (i.e. Tesla, Netflix etc). I understand that lots of this is happening because of incredibly low interest rates, but pointing out that this is crazy is a public service in these ridiculous times.