Its Good News Week

The Other Steve · 02-25-2003

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

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

Mike AI · 02-26-2003

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 · 02-26-2003

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

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 · 02-26-2003

Quote:

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 · 02-26-2003

Isn't the news kinda like hypnotism?

Finish off your frozen dinner and relax....

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

This message brought to you by Pepsico

02-25-2003	#1
The Other Steve Members Join Date: Feb 2003 Location: Australia mate! Posts: 232	http://abc.net.au/news/justin/nat/newsnat-...6feb2003-42.htm US consumer confidence at a 10 year low and likely to sink lower. __________________ Sex Story Text If you need words then you need us.

02-26-2003	#2
Mike AI Administrator Want to see your own Advertising Here! Join Date: Oct 2002 Posts: 11,618	Are these kind of news storys self perpetuating? That is, the news actually helping drive down consumer confidence... A self-fufilling prediction. __________________ Make big money on your Domains! Why wait 40 days to get paid with the other guys? Parked.com pays the most for your traffic, and cuts checks twice a month!

02-26-2003	#3
The Other Steve Members Join Date: Feb 2003 Location: Australia mate! Posts: 232	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 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. __________________ Sex Story Text If you need words then you need us.

02-26-2003	#5
Menace Members Join Date: Oct 2002 Location: New England Posts: 161	Isn't the news kinda like hypnotism? Finish off your frozen dinner and relax.... The sky is falling, go grab some duct tape... This message brought to you by Pepsico