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Doom and gloom also serves independent purposes and isn't just a signaling mechanism arising as a natural outcome of conditions. Especially with social media,

Doom and gloom also serves independent purposes and isn't just a signaling mechanism arising as a natural outcome of conditions. Especially with social media, it's worth asking 'does anybody benefit from this particular doom and gloom being socially established and culturally adopted?' The last thing you want to do is take such a thing at face value, and it's possible that financial markets might discount some such signals, especially if they're getting other signals that give the lie to the doom signals.

leereeves 3y ago
Rent is the biggest expense in most peoples lives, and rent is too high. That's not doom and gloom, it's a fact. The FTC and DOJ are suing landlords for using "illegal collusive algorithms" to maximize rents [1]. A recent study [2] reported that half of all US renters, an all-time high of 22.4 million renter households, are cost burdened; evictions have risen; and the country is seeing the highest homelessness counts on record. 1: https://www.ftc.gov/business-guidance/blog/2024/03/price-fixing-algorithm-still-price-fixing https://www.ftc.gov/business-guidance/blog/2024/03/price-fix... 2: https://www.jchs.harvard.edu/americas-rental-housing-2024 https://www.jchs.harvard.edu/americas-rental-housing-2024