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The news doesn't decide what to run based on importance but rather based on salience. As someone that is financially versed, even I have trouble grasping the w
by mpalczewski 5y ago
The news doesn't decide what to run based on importance but rather based on salience.
As someone that is financially versed, even I have trouble grasping the why this is a big deal. Complicated things don't get run.
Whereas J&J factory problems, that sounds like a covid thing and it's easy to see why that might be important.
- boringg 5y agoPeople are concerned about this because of 2 reasons: (1) to see what the PRC does to contain the risk (it looks like they have contained the majority of the risk and forced the executives to pay from their own wealth [smart signaling]) (2) Broader narrative of concern around contagion effects from a Chinese real estate collapse and from a global media perspective its a great FUD similar to wall street financial collapse in the aughts on the surface but once you look deeper not similar at all. Theres always interest to see if a house of cards is about to fall. Also this sells newspaper / clickthrough ad dollars. It's important to watch but the ripple effects on this look to be small and likely to be contained in China.