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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 peop
by simpsond 15y ago
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.
- rnemo 15y agoInvestor 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.