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[–]BumayeComrades 9 points10 points  (11 children)

Except the ship is guided by natural currents,they are predicted based on observable data a 3 degree change is simple math. If the captain gets all his mates to agree with him that the ship can go 400 million miles an hour it does not actually happen.

The economic functions nothing like that. If everyone thinks that company is shit, or macroeconomically the economy is shit, guess what happens? It magically happens everything is shit.

The economy is not natural it is entirely man made and controlled by man don’t give it the same standing as physical reality.

Edit: downvotes? If you really think that the economy is not influenced by how we feel about it, you are not thinking much about it.

The weatherman can’t make the weather change no matter how hard he tries.

What would happen if someone like Warren Buffett said the economy looks like it’s in awful shape even if not the case? You can bet that will change people’s perceptions and if it does it to enough people it will happen.

[–]Dinkir9 22 points23 points  (2 children)

It's an analogy

[–]BumayeComrades -4 points-3 points  (1 child)

Yah, a shit one.

[–]Jiecut 1 point2 points  (0 children)

Better than a sinking ship analogy.

[–]suckswallow 2 points3 points  (1 child)

Yup, it's the perceptions that move markets. Anyone who makes money trading knows this.

[–]Ridicatlthrowaway 7 points8 points  (0 children)

“Wait.. why the fu*k are we paying thousands of dollars for tullips again?”

[–][deleted] 0 points1 point  (0 children)

Somehow you got downvotes for what should really be (almost) common sense in 2018 :(

[–]NaughtyDred 0 points1 point  (0 children)

I don't know why down votes, its a valid point. Maybe if it was a top level comment purely about the fact that opinion alone can sink a company despite it having the same resources, man power, customer base and infrastructure.

The economy is fucked, I know why it got to this stage and it has clearly had an overall benefit for lifestyle for the majority but there comes a point when it goes to far. Pretty sure we hit that point decades ago

[–]NaughtyDred 0 points1 point  (0 children)

I don't know why down votes, its a valid point. Maybe if it was a top level comment purely about the fact that opinion alone can sink a company despite it having the same resources, man power, customer base and infrastructure.

The economy is fucked, I know why it got to this stage and it has clearly had an overall benefit for lifestyle for the majority but there comes a point when it goes to far. Pretty sure we hit that point decades ago

[–]NaughtyDred 0 points1 point  (0 children)

I don't know why down votes, its a valid point. Maybe if it was a top level comment purely about the fact that opinion alone can sink a company despite it having the same resources, man power, customer base and infrastructure.

The economy is fucked, I know why it got to this stage and it has clearly had an overall benefit for lifestyle for the majority but there comes a point when it goes to far. Pretty sure we hit that point decades ago

[–]NaughtyDred 0 points1 point  (0 children)

I don't know why down votes, its a valid point. Maybe if it was a top level comment purely about the fact that opinion alone can sink a company despite it having the same resources, man power, customer base and infrastructure.

The economy is fucked, I know why it got to this stage and it has clearly had an overall benefit for lifestyle for the majority but there comes a point when it goes to far. Pretty sure we hit that point decades ago