If a prediction of a recession causes the market to crash, can it be said that the prediction itself is part of the cause of the recession? Like a self-fulfilling prophecy?
In: Economics
When people make those types of predictions they aren’t staring into a crystal ball or reading the bones.
They tend to be looking at certain economic indicators. And those indicators can show trends that lead to certain economic situations.
Somewhat like if you see someone drunkenly speeding you can predict that they will soon get into a car crash.
Sure, there was a prediction, but that prediction didn’t cause that event.
Doesn’t that mean the SEC needs to sue the media?
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