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Talk:Financial Crisis of 2008 (view source)
Revision as of 18:33, December 2, 2008
, 18:33, December 2, 2008save your money
LT, I read the 2% growth thing earlier. I know about the [[placebo effect]] and the [[self-fulfilling prophecy]]. One reason my students have done so well is that I help them to see their potential and encourage them to fulfill my (our) [[expectation]] for them. You might even have heard of the blue eyes, brown eyes test. Economics is not a [[physical science]]. The economy does not "go" into recession. People lead other people. Each decision to buy or to save, to invest/hold/sell is a [[choice]] made by a human being with [[free will]]. (Stop me, before I start giving the [[George Bailey]] Savings and Loan speech! ;-) --[[User:Ed Poor|Ed Poor]] <sup>[[User talk:Ed Poor|Talk]]</sup> 13:27, 2 December 2008 (EST)
LT, I read the 2% growth thing earlier. I know about the [[placebo effect]] and the [[self-fulfilling prophecy]]. One reason my students have done so well is that I help them to see their potential and encourage them to fulfill my (our) [[expectation]] for them. You might even have heard of the blue eyes, brown eyes test. Economics is not a [[physical science]]. The economy does not "go" into recession. People lead other people. Each decision to buy or to save, to invest/hold/sell is a [[choice]] made by a human being with [[free will]]. (Stop me, before I start giving the [[George Bailey]] Savings and Loan speech! ;-) --[[User:Ed Poor|Ed Poor]] <sup>[[User talk:Ed Poor|Talk]]</sup> 13:27, 2 December 2008 (EST)
::People make decisions all right, and the decisions they are making now is to be as conservative with their money as possible and avoid risk. -- most of the financial risk takers have pretty well been ruined. There is numerical data to show the trend is very dramatic this year: see [http://www.rasmussenreports.com/public_content/business/indexes/rasmussen_consumer_index Rasmussen index of consumer confidence] which fell from 120 (early 2007) to 64 right now. Bush told people to spend money last spring but they did not. Maybe it's a case of wise-for-me but bad-when-everyone-does-it.[[User:RJJensen|RJJensen]] 13:33, 2 December 2008 (EST)