ajf on Nostr: could it be because "markets" react to economic predictions, and thereby in a way ...

could it be because "markets" react to economic predictions, and thereby in a way pull forward the consequences. When Liz Truss scared the markets, pension funds where close to collapse the next day, mortgage rates sky rocketed and politics reacted. When politicians scare climate scientist by their inaction, it still takes another 20 years for the draughts, floods, and sea levels to react to it.