Yes, it is meant to cause panic in general population but with a purpose of them putting pressure on politician s which in turn put pressure on central banks to tone down the rate increases.

We’ve been in a recession for two years. People just seem to have been pretending we aren’t.

Not even totally COVID or Russia’s fault either… stock prices really bubbled since 2008, with many companies trading well above a level that there is any rational justification for.

Why would that be nice? Having over-hired and still doing just fine means that for the period that companies were over-provisioned they were disbursing profits to labour (workers) rather than capital (shareholders).