Perception Worse Than Reality
Hmmm… a little article from January worth reading. It explains in very simple terms how this “recession” might not even be real.
Is America headed inevitably toward recession? Maybe; probably; who knows? If anyone could accurately predict the economy, they’d be billionaires in no time.
One thing is certain, though: Simply hearing about the possibility of a recession can bring it about. This is due to a combination of two distinctly non-economic factors: psychology and the news media. This is nothing new; sometimes in the process of reporting about a problem, the media actually makes that problem worse.
The article has
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Jack, I felt that the below quoted part of the article backed up your beliefs that the current economic crisis is a manipulated crisis.
“Warnings about a recession create a similar self-fulfilling prophecy — or, thought of another way, an anti-placebo effect. Just as a placebo (a non-effective “remedy”) can make people feel better simply on the basis of their belief and expectation, recession worries can make people panic because they feel like they should.
It works like this: Experts in the news suggest (reasonably enough) that a recession may be coming; this in turn causes Americans to be more cautious with their investing and spending. Less spending and investing helps lead to slower economic growth, which in turn can lead to — you guessed it — recession.
In fact, much of the expert advice for how to survive a recession (save money, reduce debt) actually perpetuates it.”
I believe despite growth in the GNP, despite all the progress achieved since 9/11, and despite actually winning the war in Iraq; the overwhelmingly Democratic press with the backing of the Democratically controlled Congress has created this recession.
Why? It sure makes “Change” more attractive in the current election.
I might be reaching, but could this actually be a ploy to elect a Democrat as President?
jerrycook
1 Oct 08 at 12:31 pm