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Okay, but what actually happens is exactly what happened with the tariffs: a bunch of bold statements about policy benefits, huge market drops, followed by chic
by doctorpangloss 1y ago
Okay, but what actually happens is exactly what happened with the tariffs: a bunch of bold statements about policy benefits, huge market drops, followed by chickening out back to the status quo. You are talking about policy effects that would take a decade to realize, a decade of huge pain to investors… I cannot comprehend how “Rube Goldberg machine that leads to long term benefits, guaranteed short term catastrophe” is a policy idea.
- Glyptodon 1y agoI trend towards 3 to 5 years over a decade in my thinking, but if investors never seriously think that risks or slow or down markets like mentioned are possible the market is absolutely going to be completely misvalued until the mechanisms that prop it up get overextended or weighed down to the point of failure.