3 ms·

Ppl believe there is a recession bc of specific macroeconomic conditions. Iirc you specifically described them a few days ago!

• SemanticStrengh 4y ago
  the base reasons do not matter much, the effect we will observe is order of magnitudes higher than the original reasons, because of the self fulfilling prophethy of autoreinforcing feedback and mediatic echo chambers. Every media that amplify the fear is responsible for an amount of suffering on earth. The 2008 crisis was mostly an absurdity that hurts the brain in retrospect. Thankfully I will make some money by buying now, afterall under those circumstances, economy is an intelligence market.
  • gmm1990 4y ago
    The base reasons matter a lot. Inflation could mean the government won't be able to provide more liquidity in a downturn so the downturn will be more severe. Vs 2008 where at least the cause of the recession didn't preclude the govt from providing liquidity.
  • Enginerrrd 4y ago
    >the base reasons do not matter much, the effect we will observe is order of magnitudes higher than the original reasons, because of the self fulfilling prophethy of autoreinforcing feedback and mediatic echo chambers Ah... but this goes both ways. That's why we're in a bubble to begin with. Those same base reasons didn't matter as much because prices were way higher than you could really justify without those feedback loops on the positive side.