4 ms·

Is there a study supporting this?

• jrs235 7y ago
  It's a self fulfilling prophesy. People hear about a pending recession, so to prepare they tighten their wallets and start spending a bit less so they can save a little to weather the possible storm. This reduced velocity in money turnover and less buying leads to the recession. I don't have a study to point you to. I would just be doing what you too can do, first try googling for one. Just because a study, peer reviewed, professional, yada yada yada doesn't exist, does not mean it not a real phenomena. (Please don't read this last bit as snark or personally... it's for the few that completely dismiss ideas or things unless some study supports it). A study would be nice. Who's going to conduct it? Who's going to peer review it? How will we identify any conflicts of interest? Regardless, I'd love to have this more formally researched and studied.