Its Good News Week

[The Other Steve]

http://abc.net.au/news/justin/nat/newsnat-...6feb2003-42.htm (http://abc.net.au/news/justin/nat/newsnat-26feb2003-42.htm)

US consumer confidence at a 10 year low and likely to sink lower.

[Mike AI]

Are these kind of news storys self perpetuating?

That is, the news actually helping drive down consumer confidence...

A self-fufilling prediction.

[The Other Steve]

It is interesting to watch - on the one hand you have news that says consumer confidence is down and then you get reports like this one

http://www.idcresearch.com/getdoc.jhtml;js...03_02_06_130804 (http://www.idcresearch.com/getdoc.jhtml;jsessionid=MFWLSMMKTIV3ICTFA4FCFGAKMU DYWIWD?containerId=pr2003_02_06_130804)

that would indicate that recovery really could be just around the corner.

A lot of experts say that a recovery in the IT sector is a good indication of a general economic recovery.

[Almighty Colin]

Originally posted by Mike AI@Feb 26 2003, 01:05 AM
Are these kind of news storys self perpetuating?

That is, the news actually helping drive down consumer confidence...

A self-fufilling prediction.
Totally.

George Soros refers to this mechanism as "reflexivity".

[Menace]

Isn't the news kinda like hypnotism?

Finish off your frozen dinner and relax....

The sky is falling, go grab some duct tape...

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