Markets Aren’t Kind to Alternative Facts | Bloomberg View


“We have alternative facts,’ said Trump adviser Kellyanne Conway.

In politics, you can get away with this. Voters live in bubbles of their own making — the selective perception and confirmation bias through which they view the world.

The penalty for fabricating your own reality, false though it might be, seems to be minimal or nonexistent in politics. Voters live with the consequences of the ballots they cast, though the effects may not be felt for years.

Making up alternative facts about childhood vaccines, the unemployment rate, climate change or where your predecessor was born certainly hasn’t hurt Trump — it may even have helped him win the election.

Investors, however, aren’t quite so lucky when their belief systems diverge from reality.

Source: Markets Aren’t Kind to Alternative Facts – Bloomberg View

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