It's all over the damn place..."Recession", "Worst Economy in XX years", "almost depression", "save your money", "housing market nosedives", "unemployment hits all-time high". You can't turn on the tube without hearing something negative about today's economy and it's struggle to get back on its feet.
Yes, I get it. These are bad times. And trust me, I really "get it" considering I am in the unemployed bucket currently.
We are constantly reminded about the difficult economic situation -- on the news, in our job searches, from our friends and families. To make matters worse, I log onto my bank account, and what do I get? A nice little reminder....
Isn't anyone concerned that all of this negative press will create "over-concern" and overly-negative consumer expectations? After all, it is a catch-22. The worse the economy looks or is perceived to look, the less consumers are willing to invest. (think of the depression and how many people ran to the banks to take out their life savings). On the other hand, the economy can't improve unless people are investing. Hence this lovely pop-up window from my bank that urges me, their consumer "Please, have faith in us and don't take out all of your investments. We are still financially sound..."
That would scare me even more. bleh.
ReplyDeleteyah i heard that apparently the president bailed out banks in the us 4 trillions of dollars and they went back to the bank and asked them where the money was and they said they had no idea. and said they werent responsible 4 knowing. anwy im thinkin people been pocketing it. who knows. its all messed up. L
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