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Politics : Welcome to Slider's Dugout

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From: RonMerks	3/13/2007 3:54:21 PM
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One last thought- The headline on the news wires right now is- "Dow craters on subprime worries" It doesnt matter if its true, or not- because its what people will see and read tonight and talk about tomorrow- at the water cooler. What will turn the US into a hard recession is perceptions- not reality. The mood will shift. From everyone being confident in going out and borrowing for the new Plasma TV, new SUV, new, or 2nd Home and running credit cards to the max. Now everyone is reading bad news about debt. The media will over report and greatly exaggerate how bad it is- but it wont matter. It will only matter that the tide has turned about the publics perception of debt. Ive seen this mood shift on every recession we've went into. Its happening right here and now. Ron

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