Re:It's Time To Prepare For The Crisis Ahead
by simpsond on Sunday September 11, 2011 @04:12PM
(#2984679)
I am no economist... so this is me trying to understand the situation. Doesn't news of imminent economic failure impact the economy negatively? If enough people are afraid to spend, because they are worried about money, then they slowing the economy. Once the forward economic momentum slows and wallets get thinner, the economic situation degrades further. Am I way off base here? It seems a self-fulfilling prophecy.
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Re:It's Time To Prepare For The Crisis Ahead
by rnemo on Sunday September 11, 2011 @04:14PM
(#2984689)
Investor confidence and consumer confidence are both very important factors in how well the market does over any given period of time. So yes, these doom and gloom articles tend to be somewhat self-fulfilling a lot of the time.