One of the explanations I've heard is that a lot of traders were caught out by how quickly the economy rebounded from COVID-19, so they're overcompensating by underreacting to the current situation.

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johnvanommen 2 hours ago | parent [-]

> One of the explanations I've heard is that a lot of traders were caught out by how quickly the economy rebounded from COVID-19, so they're overcompensating by underreacting to the current situation.

Yikes.

The reason Covid wasn’t as bad as it could be was WFH.

There’s no equivalent for oil. You can’t grow food at scale without fertilizer.

	▲	dboreham 2 hours ago \| parent [-]
		WFH and a big dollop of "socialism" in the US. Supposedly the reason many voters felt that their lives were better under Trump 1.0 was due to the various subsidy and rent freeze measures taken by the US government during the pandemic.