Why did the financial crisis come when it did? Maybe it has to do with increased press attention. Max points us to Paul Chesser’s post at the American Spectator blog. Churnalists say to themselves the situation in Iraq has improved, winter has been cold, and rain is falling in Raleigh so let’s trash the economy.
Of course Bear Stearns didn’t need much of a push and the world’s financial problems were caused by bad investment decisions, not bad press.
