> It's sickening that this is always marketed as bad news, even though we've been in a bubble for the past 20 years.
Everything is marketed as bad news. Bad news sells. The bubble was itself a favorite target.
And FWIW, we're seeing the same thing happen currently with the freakout about inflation. Understood correctly, inflation is just a gauge transform; it doesn't "do" anything on balance. Sure, it moves money around a little because some signals are delayed more than others. But to the extent it does it works to the benefit of almost everyone complaining about it. Everyone with significant debt (mortgages for the folks here, credit cards for the proles, corporate loans for the people folks here want to be) experiences inflation as a reduction in net money owed. It's a good thing for us, on balance. Yet... freakout anyway. Because bad news sells.
Everything is marketed as bad news. Bad news sells. The bubble was itself a favorite target.
And FWIW, we're seeing the same thing happen currently with the freakout about inflation. Understood correctly, inflation is just a gauge transform; it doesn't "do" anything on balance. Sure, it moves money around a little because some signals are delayed more than others. But to the extent it does it works to the benefit of almost everyone complaining about it. Everyone with significant debt (mortgages for the folks here, credit cards for the proles, corporate loans for the people folks here want to be) experiences inflation as a reduction in net money owed. It's a good thing for us, on balance. Yet... freakout anyway. Because bad news sells.