In the last two weeks there have been some ominous events. Are these not as big a deal as they seem to me?<p>https://www.barrons.com/articles/bank-of-america-stock-bond-losses-97bf300e<p>https://archive.ph/Q46oB<p>https://www.bloomberg.com/news/articles/2024-04-03/business-bankruptcies-jump-as-slow-wave-of-failure-speeds-up<p>https://archive.ph/BDm4W<p>https://www.bloomberg.com/news/articles/2024-03-30/clo-managers-fret-altice-downgrade-may-trigger-wider-selloff-of-riskiest-bonds<p>https://archive.ph/4ElrO<p>https://www.wsj.com/finance/banking/banks-are-extending-office-loans-are-they-also-pretending-f62ddd80<p>https://archive.ph/WQ6XL<p>https://www.bloomberg.com/news/articles/2024-03-19/real-estate-pain-is-showing-up-in-collateralized-loan-obligations-clos<p>https://archive.ph/Wc92Q
We are in a correction period, so some bad things will happen. Journalism loves the superlative right now, so any headline tends to be scary. What would be more concerning? Some announced losses, or a lies about how "everything is fine?" In the long term, a short term correction isn't terrible. People held their breath for years about the next downturn, and it is almost a relief that it is here.<p>We are also gearing up for proxy wars, the first ones have already started. There will be some amount of economic squeeze in order to motivate recruits and workers. I don't support such actions, but it doesn't change reality.