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The Other Steve

02-25-2003 11:58 PM

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 12:57 AM

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 02:18 AM

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 08:15 AM

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 09:51 AM

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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