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Interesting, everyone is seeing different reasons here. The link doesn't mention it, now the guardian says, that it's the looming danger of war in Europe: "“De
by MichaelMoser123 5y ago
Interesting, everyone is seeing different reasons here. The link doesn't mention it, now the guardian says, that it's the looming danger of war in Europe:
"“Dealers are worried about the prospect of a war in eastern Europe, as the human and economic cost would be huge. Some central European economies, like Germany, are heavily dependent on energy from Russia, and should a war break out, it’s a possibility those energy supply lines would be cut, which would cripple economic output in the EU,” David Madden, a market analyst at Equiti Capital, told Reuters."
https://www.theguardian.com/business/2022/jan/24/us-stock-markets-close-nasdaq-dow-jones https://www.theguardian.com/business/2022/jan/24/us-stock-ma...
It seems as if it is hard to trust any one source, when it comes to macroeconomics; i mean there are a lot of biases, and everyone seems to be looking for confirmation of his own world view.
- ziml77 5y agoEveryone has their own reasons because people are trying to simplify things down to just a couple of variables. The problem is that there are many variables all tied to each other in complex ways which just can't be simplified that much. You can't just look at one action, no matter how large, and claim that it was bad because of a problem it caused. The relations between all the variables means that a different action or inaction may have ended in the same problem coming about via an alternate path of cause and effect.