"History is a wonderful thing, if only it was true"

Saturday, February 21, 2009

Watch what you say

Words can have an effect
Talk down the economy and it can go down, buy damaging confidence.

Not just consumer confidence, but by a series of confusing policies, capital can decide to stay on the sidelines.

Economic View - Can Talk of a Depression Lead to One? - News Analysis - NYTimes.com:

"This Depression narrative, however, is not merely a story about the past: It has started to inform our current expectations."

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