http://finance.yahoo.com/news/Economy-shrinks-even-more-apf-14491192.html
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02-27-2009, 07:10 PM #1Junior Member
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Is the doom and gloom on the economy a self fulfilling prophecy?
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02-27-2009, 07:11 PM #2Junior Member
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If the economy ran on positive thoughts, we would all be wiping our ass with hundred dollar bills and we would have never gone in a recession. As it is, our economy is starting to face the reality that people don't have unlimited piles of gold to pay for their mortgages.
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02-27-2009, 07:11 PM #3Junior Member
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You could see it that way. Anytime yayhoos on Wall St. here bad news, they sell off - and normal schmoes like you and me save and don't spend.
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