Americans' fear of losing their jobs grows

Re:Americans' fear of losing their jobs grows by dang on Wednesday September 11, 2019 @05:11PM (#20944765)

Please don't post partisan flamebait to HN.

https://news.ycombinator.com/newsguidelines.html

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Re:Americans' fear of losing their jobs grows by spamizbad on Tuesday September 10, 2019 @12:21PM (#20929882)

Is the US economy so fragile that it can be thought-crimed into a recession?

This fear has nothing to do with any politician or political party and everything to do with the trauma from ‘08

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Re:Americans' fear of losing their jobs grows by rifung on Tuesday September 10, 2019 @12:25PM (#20929938)

> Is the US economy so fragile that it can be thought-crimed into a recession?

I think those in Behavioral Finance would argue yes, at least to a certain extent.

https://www.cnbc.com/2019/03/07/shiller-self-fulfilling-prop...

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Re:Americans' fear of losing their jobs grows by ScalaFan on Tuesday September 10, 2019 @12:23PM (#20929909)

There are some people with trauma from 2000/2001.

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Re:Americans' fear of losing their jobs grows by 40acres on Tuesday September 10, 2019 @12:24PM (#20929926)

All economies are subject to this because markets are based on trust and faith. If enough doubt is generated then the markets will reflect that in a downturn.

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Re:Americans' fear of losing their jobs grows by spamizbad on Tuesday September 10, 2019 @12:31PM (#20930008)

Isn't there a pretty big gulf between losing faith in a market and thinking there's a recession around the corner? A breakdown in trust in a market would more closely resemble an economic collapse rather than a a few quarters of contraction, wouldn't it?

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Re:Americans' fear of losing their jobs grows by jp555 on Tuesday September 10, 2019 @12:35PM (#20930048)

I think you're underestimating the amount of randomness at play in complex interconnected systems like markets.

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Re:Americans' fear of losing their jobs grows by body12 on Tuesday September 10, 2019 @12:45PM (#20930195)

Forget the media, ask the former Federal Reserve president who literally wrote that "if the goal of monetary policy is to achieve the best long-term economic outcome, then Fed officials should consider how their decisions will affect the political outcome in 2020."

[1] https://www.bloomberg.com/opinion/articles/2019-08-27/the-fe...

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Re:Americans' fear of losing their jobs grows by Miner49er on Tuesday September 10, 2019 @12:21PM (#20929886)

A recession will eventually happen, it happens about every 10 years. The mainstream media isn't talking about it to get rid of Trump.

EDIT: not sure why I'm being downvoted, but I'm guessing it's because I messed up the average length of the cycle. I guess it's probably closer to 5 years: https://www.investopedia.com/ask/answers/071315/what-average...

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Re:Americans' fear of losing their jobs grows by dexen on Tuesday September 10, 2019 @12:31PM (#20930005)

>The mainstream media isn't talking about it to get rid of Trump.

That has became a bit of a meme ever since Bill Maher pointed out recession would both prevent Trump's reelection and also judged it as preferable over Trump.

"Well, you should wish for a recession,” Maher said, interrupting Nichols. “'Cause that will definitely get him [Trump] unelected." [1]

He followed it up with more of the same in a later episode [2].

--

[1] https://www.washingtonexaminer.com/news/hbos-maher-prefers-r...

[2] https://www.youtube.com/watch?v=joxYLYD5eoQ

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Re:Americans' fear of losing their jobs grows by Miner49er on Tuesday September 10, 2019 @12:37PM (#20930077)

You can find other political pundits that'll say that a recession would help Trump get elected, and I personally view that as the case.

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Re:Americans' fear of losing their jobs grows by SlowRobotAhead on Tuesday September 10, 2019 @06:35PM (#20934590)

Citation? Can you find the analysis that a recession would help Trump get re-elected?

Because I have the opposite as historical fact. That in the 1900s the only incumbent presidents to have lost re-election were those that campaigned during a recession (two irrc, maybe three).

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Re:Americans' fear of losing their jobs grows by povertyworld on Tuesday September 10, 2019 @12:31PM (#20929998)

Regardless of one's opinion on Trump, the media basically switched from Russian conspiracy theories to recession paranoia in the span of about a week. That week being the time of Mueller's presentation to congress.

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Re:Americans' fear of losing their jobs grows by SketchySeaBeast on Tuesday September 10, 2019 @12:39PM (#20930099)

C'mon now, there's also the "this week in dumb decisions" section. We're still riding the wave from Sharpie-gate.

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Re:Americans' fear of losing their jobs grows by povertyworld on Tuesday September 10, 2019 @12:44PM (#20930177)

I couldn't bring myself to even click on those. The media has cried wolf for so long with Trump, if I see a headline saying "Trump to start WW3", I'm just going to think, boy, the NY Times just keeps hitting new lows and not even click it.

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Re:Americans' fear of losing their jobs grows by chillwaves on Tuesday September 10, 2019 @01:54PM (#20931101)

Your example of the "media crying wolf" on Trump has left members of his inner circle in jail for lying about their connections to Russia. Hardly "crying wolf".

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Re:Americans' fear of losing their jobs grows by SketchySeaBeast on Tuesday September 10, 2019 @12:51PM (#20930260)

You didn't see that the man literally drew an extra, obviously out of place circle on the official hurricane projection map to make his previous erroneous tweet seem correct? You're missing out. While the error itself is unlikely to start WW3 or tank the stock market, it certainly does cause one to ask questions.

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Re:Americans' fear of losing their jobs grows by povertyworld on Tuesday September 10, 2019 @01:01PM (#20930421)

The Trump admin has been doing that stuff from day one with the "alternative facts" thing. I can't keep up with every unpresidential move these guys make. On the plus side, I did just see Trump just fired Bolton which makes war feel a bit less likely.

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Re:Americans' fear of losing their jobs grows by OBLIQUE_PILLAR on Tuesday September 10, 2019 @02:03PM (#20931216)

He'll just nominate Elliot Abrams to replace him.

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[dead]

Re:Americans' fear of losing their jobs grows by OBLIQUE_PILLAR on Tuesday September 10, 2019 @04:58PM (#20933655)

Probably not. I find Sanders' support of the military industrial entertainment complex troubling.

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Re:Americans' fear of losing their jobs grows by cptnapalm on Tuesday September 10, 2019 @12:57PM (#20930345)

Remembering the 1992 election, the press kept hammering "recession recession recession" despite the recession itself being over for about a year. Job numbers had been growing for months, but still it was "recession recession recession" over and over again in the press right up through the election, but not after. The New York Times was talking about the "Clinton Recovery" months before Clinton was even in the White House. The mainstream media is more than willing to exaggerate, even beyond the point of deception, in order to elect the candidates they are campaigning for.

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Re:Americans' fear of losing their jobs grows by chillwaves on Tuesday September 10, 2019 @01:52PM (#20931072)

Why was the mainstream media campaigning for Clinton?

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Re:Americans' fear of losing their jobs grows by cptnapalm on Tuesday September 10, 2019 @06:30PM (#20934549)

He was the Democrat and once the pile on started, it never let up.

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Re:Americans' fear of losing their jobs grows by chillwaves on Tuesday September 10, 2019 @08:04PM (#20935233)

So you are saying the media campaigns for democrats? Doesn't seem likely to me.

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Re:Americans' fear of losing their jobs grows by stric9 on Tuesday September 10, 2019 @12:27PM (#20929962)

Worst comment of the day. Consider yourself downvoted, Trumpy.

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Re:Americans' fear of losing their jobs grows by dang on Wednesday September 11, 2019 @05:12PM (#20944771)

We've banned this account for breaking the site guidelines.

If you don't want to be banned, you're welcome to email [email protected] and give us reason to believe that you'll follow the rules in the future.

https://news.ycombinator.com/newsguidelines.html

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