the market is not unstable though, it's arguably harrowing how stable it is with the whole mass death thing going on. tech is booming, house prices fully recovered and more, and many large companies are hugely up this quarter as lockdowns end. wells fargo also still provides other forms of credit
I’m also immediately reminded of Stafford Beer’s Designing Freedom where he talks about institutions, how they can vary from very rigid and brittle (few avenues of response), or flexible (many avenues of response). It is equally plausible to me that the modern financial system is quite rigid (you see what happens if you step out of line!); that the major players have relatively few institutionally-sanctioned options to deal with the changing conditions. So the train stays, quite remarkably, on the rails. Until of course it doesn’t.
I’m not confident that this is the case tbh, but it does seem equally plausible to me
the market is not unstable though, it's arguably harrowing how stable it is with the whole mass death thing going on. tech is booming, house prices fully recovered and more, and many large companies are hugely up this quarter as lockdowns end. wells fargo also still provides other forms of credit
That’s one possibility.
I’m also immediately reminded of Stafford Beer’s Designing Freedom where he talks about institutions, how they can vary from very rigid and brittle (few avenues of response), or flexible (many avenues of response). It is equally plausible to me that the modern financial system is quite rigid (you see what happens if you step out of line!); that the major players have relatively few institutionally-sanctioned options to deal with the changing conditions. So the train stays, quite remarkably, on the rails. Until of course it doesn’t.
I’m not confident that this is the case tbh, but it does seem equally plausible to me