3 ms·
Isn't that true? At every point we are either heading towards a recession or not and it's a magazine dedicated to the economy and business.
by themitigating 4y ago
Isn't that true? At every point we are either heading towards a recession or not and it's a magazine dedicated to the economy and business.
- oblio 4y agoTrue, but in economics (I guess in life, too?), timing is everything. It's "boy cried wolf", otherwise.
- Jensson 4y agoIt's "boy found wolf tracks, but no wolf came that night, so people called the boy a liar".
- Spivak 4y agoIt’s “boy found wolf tracks in the woods where everyone knows there’s wolves already but is sure this time the tracks mean they’ll attack.”
- r3trohack3r 4y agoThere are two lessons in the boy who cried wolf. Every day the boy would cry wolf and eventually the towns people stopped believing him. Then a wolf came and the boy had already lost his credibility so nobody believed him. Then the wolf ate all the sheep. The first lesson is the boy’s, don’t burn trust by crying wolf. The second lesson is the town’s. They let the boy desensitize them to wolves and now all their sheep are dead.
- oblio 4y agoThere's too many "boys crying wolf" talking about economics for any of them to be trustworthy. You are either cautious and follow responsible financial principles or you don't. No amount of "boys crying wolf" will sway you one way or another, when 99.99999% of the time they're wrong anyway, or worse, they have a vested interest in you following along with what they're saying, and they want you do it it at this <<exact>> moment.
- staticman2 4y agoWell, you just inspired me to look up the story, and the sheep are scattered, not dead, because obviously a single wolf wouldn't eat all the sheep. It would be an odd story if the lesson is "always believe people who don't tell the truth."
- dragonwriter 4y agoAt every point in time we are both heading for a recession and heading for an expansion, differing only by time window.