Conversation

I'm feeling curiously blase about the crash itself, though my interpretation is that it is NOT just the pandemic, but the pandemic as a trigger for a preference cascade around fragility and structural unsoundness beliefs.
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ie it is now socially acceptable to believe, and act on the belief, that the supposed boom market was never actually as robust as it was made out to be. The roots lie in 2000/software eating the world effects. It's been a house of cards since then. It's finally okay to say so.
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Trump trying to take the credit for it over the last 3 years is an irrelevant sideshow. There is no credit to be taken, and the blame is spread out about uniformly among those with power since 2000 or so. They were all kicking this tin can down the road.
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Makes me think he won't actually suffer politically for this, since I don't think anyone seriously gave him credit for the "boom" to begin with... but he'll probably pay for prioritizing trying to save the false narrative rather than addressing the material crisis.
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Replying to
Don’t discount the possibility that this pandemic and the fallout isn’t as bad as we think, people get comfortable with COVID-19 being around, and the market starts to rebound before November.
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