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