Quote:
Originally Posted by PeteMoss
There's been quite a few polls in the US where the amount of people who are doing well personally is at the same level its always been at, but they think the economy is in the tank.
So people think we are in a recession even if we aren't (yet?)
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Yeah, it does get driven by psychology. They keep seeing things in the media that says things are bleak and we're going to have a recession, so people start to think that way. Not to turn this into politics, but when "your guys" are in power you also feel better about the economy than if it's the "other guys". It doesn't actually mean that the economy is better/worse and it's just psychology.