Tuesday, March 20, 2018
Experts are smart. We should trust experts.
Some expert quoted by Bloomberg, via ZH:
Those diverse stories will all converge to a similar, very negative outcome for the tech space: tighter regulation and oversight, plus an increase in compliance and legal costs and a significant blow to sentiment. The dangers are amplified because much of the rally of the last few years for global equities has hinged on the technology sector. Damage this pillar and then earnings, valuations, supply chains, trade and innovation all suffer. This feeds back into a deteriorating macro picture. The resulting negative feedback loop is being triggered at an inopportune time, with elevated trade tensions and global political uncertainty adding to the risks that the spiral of doom accelerates. Never mind the monetary policy uncertainty accentuated by the first rate-setting meeting for the Fed’s new chair.Idiot. That's a positive feedback loop, not a negative feedback loop. Anyone who trusts your advice is trusting an idiot. On a higher level, civilization desperately requires more regulation of what the expert calls the "tech space", which is actually the genocide space. More regulation is NOT a danger to humans, though I suppose it is a "danger" to mass-murdering hypermonsters and their evil expert shills. ¶ 6:17 AM
