2 ms·

> If “the economy” believes there will be a recession, there almost certainly will be one. Even if it wasn’t going to happen by itself. There have been beliefs

> If “the economy” believes there will be a recession, there almost certainly will be one. Even if it wasn’t going to happen by itself. There have been beliefs there will be a recession from the end of the 2008 recession to date. There has been beliefs that things are great and there will never ever ever be a recession ever again. People who believe a recession is coming are like broken clocks, many of whom have prediced 45 out of the last 3 recessions.

rco8786 4y ago
In a world of billions of individuals you can always find some that believes in whatever it is you're looking for people to believe. OP's point as I read it is that once those beliefs hit a critical mass amongst the general population they tend to come true via self fulfilling prophecy. Correlation/causation aside - the point is not "if my uncle thinks a recession is coming, there is", it's "if 100mm American adults think a recession is coming, there is"