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Not to disparage the article here, just more of an observation in the trend of “now you tell me” financial journalism. I wish these types of articles would surf
by spacemadness 4y ago
Not to disparage the article here, just more of an observation in the trend of “now you tell me” financial journalism. I wish these types of articles would surface more at the times people need to hear them instead of after a bubble bursts. It’s easy to take a stance when the mood has turned, but I don’t remember these articles surfacing much during the last height of stock speculation last year. I have no data to back that up so it could be my own biases at play.
- ISL 4y agoThe articles appear, but they don't draw the audiences until the problem is apparent. I remember in 2017 being told by a Wall Street analyst, "It's been ages since anyone's traded in an environment with actually-rising interest rates, be careful." The rise in rates came later than we both though, but I've thought about their comment often over the last year or so. The knowledge is there, but the appetite isn't always.
- jdgoesmarching 4y agoTo be fair, this is Jacobin and being critical of speculation and financial markets more broadly is kinda their whole thing. Their stance hasn’t changed, it’s just not very well liked around here. I was actually surprised to see this gaining traction at all on this site. Maybe this is an opportunity for some HNers to start considering perspectives that don’t treat the WSJ and The Economist as sacred texts.