Quote:
Originally Posted by pornguy
want to see something strangly funny. try releasing that forecast with a 3.5% gorwth, and watch what happens.
People are sheep. and they do what they are told. They are being told that the economy is going down, and that saving is a good idea, and not to buy the new car or what not, So they dont. And the economy goes down.
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I think that effect exists but only sometimes. Sometimes that seems to be true but then other times all the economic news is bad and consumer sentiment comes in surprisingly high.
I'd say there are problems well beyond consumer sentiment at this point. The strengthening Euro should hurt exports, for example.