4 ms·
I think there's a more fundamental problem with any commentary (economic or otherwise) by mass media. It hardly seems objective these days. There's also a sel
by bsaunder 18y ago
I think there's a more fundamental problem with any commentary (economic or otherwise) by mass media. It hardly seems objective these days.
There's also a self-fulfilling prophecy problem with media coverage of economic information. If you tell everyone things are getting bad, it would seem rational that they would sell their assets (making things worse). If you say there's no bottom in sight, not many people would feel like re-entering the market.
- maurycy 18y agoYes. This is a double-edged sword, though. The similar bubble happens if you constantly read that some assets are going to rise infinitely (eg, real estate). See Soros' reflexivity.