4 ms·

I think part of this is media enjoying amplifying clickable stories. A lot of people (myself included) just can't help but click about news like "market crash i

by qnsi 5y ago

I think part of this is media enjoying amplifying clickable stories. A lot of people (myself included) just can't help but click about news like "market crash is comming" "housing prices are about to crash" etc. Current media business models sadly are driven by sensational news. See also: all those revolutionary stories like cancer cure, that happen to only work in mice for now and will probably never work in humans, but we still click on those

cyberge99 5y ago
I agree. I think The Great Recession of 2007 created an ongoing paranoid that marketing folks capitalize on.
- camjohnson26 5y ago
  I think it’s that people realize that the underlying issues that caused the financial crisis haven’t actually been fixed, and the Fed has been experimenting with policies that have never been seen before to prop up markets. While it’s worked so far it still feels like there are structural weaknesses that could cause massive problems, and just because things have been good doesn’t guarantee they won’t eventually fail, but timing is notoriously difficult.
  - majormajor 5y ago
    "Policies that have never been seen before" seem to describe a good part of the last century, which has certainly had booms and busts, but the novelty has been more of a constant. We just don't have that long a history of modern economics. We've been flying by the seat of our pants the whole time.
thedudeabides5 5y ago
Sure, but also, there's a generation of us finance folks who learned how the pipes break. So that when they see something like Evergrande, they go 'well it will probably get bailed out, but if it doesn't.....' https://www.bloomberg.com/news/articles/2021-08-23/evergrande-falls-on-prospect-of-loss-from-hong-kong-tower-sale https://www.bloomberg.com/news/articles/2021-08-23/evergrand... https://www.nytimes.com/2021/08/10/business/economy/china-evergrande-debt-property.html https://www.nytimes.com/2021/08/10/business/economy/china-ev...

by qnsi 5y ago

cyberge99 5y ago

I agree. I think The Great Recession of 2007 created an ongoing paranoid that marketing folks capitalize on.

camjohnson26 5y ago
I think it’s that people realize that the underlying issues that caused the financial crisis haven’t actually been fixed, and the Fed has been experimenting with policies that have never been seen before to prop up markets. While it’s worked so far it still feels like there are structural weaknesses that could cause massive problems, and just because things have been good doesn’t guarantee they won’t eventually fail, but timing is notoriously difficult.
- majormajor 5y ago
  "Policies that have never been seen before" seem to describe a good part of the last century, which has certainly had booms and busts, but the novelty has been more of a constant. We just don't have that long a history of modern economics. We've been flying by the seat of our pants the whole time.

thedudeabides5 5y ago

Sure, but also, there's a generation of us finance folks who learned how the pipes break. So that when they see something like Evergrande, they go 'well it will probably get bailed out, but if it doesn't.....' https://www.bloomberg.com/news/articles/2021-08-23/evergrande-falls-on-prospect-of-loss-from-hong-kong-tower-sale https://www.bloomberg.com/news/articles/2021-08-23/evergrand... https://www.nytimes.com/2021/08/10/business/economy/china-evergrande-debt-property.html https://www.nytimes.com/2021/08/10/business/economy/china-ev...