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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