SirSpoilGrouch

Battling the Doomsday Machine

Good article. Thanks. One nit on a personal pet peeve.

The author wrote:
"providing we break the fear-based negative feedback loop currently at work in the markets"

This is not a negative feedback loop, it is a positive feedback loop.

Negative feedback loops maintain equilibrium in a system.
Positive feedback loops amplify results away from equilibrium in a system.


It is a common error to use "negative feedback" loop to describe a positive feedback loop that has unpleasant, or negative, consequences, as is the case here.

Thanks.