4 ms·
Ask HN: Why is everyone so optimistic about the economy?
In the last two weeks there have been some ominous events. Are these not as big a deal as they seem to me?
https://www.barrons.com/articles/bank-of-america-stock-bond-losses-97bf300e
https://archive.ph/Q46oB
https://www.bloomberg.com/news/articles/2024-04-03/business-bankruptcies-jump-as-slow-wave-of-failure-speeds-up
https://archive.ph/BDm4W
https://www.bloomberg.com/news/articles/2024-03-30/clo-managers-fret-altice-downgrade-may-trigger-wider-selloff-of-riskiest-bonds
https://archive.ph/4ElrO
https://www.wsj.com/finance/banking/banks-are-extending-office-loans-are-they-also-pretending-f62ddd80
https://archive.ph/WQ6XL
https://www.bloomberg.com/news/articles/2024-03-19/real-estate-pain-is-showing-up-in-collateralized-loan-obligations-clos
https://archive.ph/Wc92Q
- ungreased0675 3y agoAt least some of it is because it’s election season.
- moose_man 3y agoI don't know, it feels like it's more driven by investors than anything. Everything is free money, there cannot be any downside type thinking. Like the Fed is going to cut rates without that also implying a slowdown in the economy. And the delusion about the April rate cut when inflation was above 3%.
- dexwiz 3y agoWe are in a correction period, so some bad things will happen. Journalism loves the superlative right now, so any headline tends to be scary. What would be more concerning? Some announced losses, or a lies about how "everything is fine?" In the long term, a short term correction isn't terrible. People held their breath for years about the next downturn, and it is almost a relief that it is here. We are also gearing up for proxy wars, the first ones have already started. There will be some amount of economic squeeze in order to motivate recruits and workers. I don't support such actions, but it doesn't change reality.