Divine Wind
Platinum Member
The "economy isn't shrinking, but 'mania of pessimism' raises odds that it will". It makes sense that confidence in our economy is part of the problem. However, raising confidence won't fix our debt problems. It will only ease them by raising tax revenues through an improved economy.
Talk of slowdown causes recession in market confidence
Talk of slowdown causes recession in market confidence
"We are definitely in recession, but it is a confidence recession. Not an economic one," says Jeffrey Kleintop, chief market strategist at LPL Financial.