4 ms·
I'm happy to embarrass my future self with a firm prediction. Nothing in the market will happen that will cause people's quality of life to drop until WW3. The
by Paul_S 5y ago
I'm happy to embarrass my future self with a firm prediction. Nothing in the market will happen that will cause people's quality of life to drop until WW3.
The reason I think that is if the pandemic didn't manage it than nothing short of a global war will be enough to shake people's belief in infinite growth (which is what keeps the market alive).
- adam_arthur 5y agoThe pandemic caused the market to do well, due to the excess monetary and fiscal stimulus aimed at countering it. Without the pandemic the market would be lower right now. Of course, the pendulum is about to swing the other way with both fiscal and monetary support ending.
- thanatos519 5y ago"Nothing in the market" is right because climate catastrophe is an externality.