Posted by jd b puller on January 14, 2009 at 20:11:24 from (65.87.162.161):
In Reply to: Re: Denial? posted by ray on January 14, 2009 at 20:01:46:
I wonder how much of this "economy" thing is a self-fullfilling prophecy?
There are companies out there making huge profits, but they continue to cut back (which hurts everyone downstream). I'm not educated on this stuff, just random thoughts...
Kind of like when oil was going crazy last year. The media was hyping it up, up, up. I remember when it was approaching $100 for the first time in November 07, and the big headline was "will oil hit $100 today?" Talk about high oil prices and "poof" there they are. Talk about a recession long enough and you'll get one. I haven't lost my job and neither has the wife, we are still spending just as much as before, BUT not willing to go in debt to do it. just my thoughts.
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