| NJ5 said: If there's no recession, why is the federal bank doing sudden interest rate cuts, and why is the government attempting to get people to spend more money by issuing checks to every taxpayer? When I see financial experts saying a recession is very likely (or in some cases, that it's happening already), I see the situation as much worse than you guys are portraying it... |
Thats just it, there is a lot of fear of a recession but personally I don't see it on its own. Sort of how I can go to the doctor and undergo chemotherapy but it doesn't mean I needed it.
If anything this fear of a recession is what will eventually cause one. And on that note there are political ties in this as well. I'm not saying every expert under the sun is corrupt or anything close to it, but the Democrats have a vested interested in making the economy sound bad as it helps their chances this election cycle not only for the presidency but to pick up seats in the house and senate as well. Meanwhile this rhetoric becomes the public perception and soon sure enough people are saving money for the "coming recession".
Like I said, I think there was a slowdown in progress to begin with, but there is some serious overreaction combined with a political atmosphere that is making this a self-fulfilling prophecy. A recession really is all about public perception, if people think things are fine they spend and there is no problem, if they think times are bad they save...so I don't think this is much of a stretch by any means.
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| To Each Man, Responsibility |
