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2008-10-25 Home Front Economy

Fears of deeper recession grow, markets in tailspin

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Posted by Fred 2008-10-25 00:00|| || Front Page|| [5 views ] Top

#1 It doesn't take anything to actually happen to grow fear. Fear is one of those things that feeds on itself. The more "fear" is spread, the more the likely the reality will come to pass.

For what its worth, the mall was packed today, the parking lot was full to brimming. The stores were full. People are spending money.

I have not seen anyone wearing a "sandwich board" seeking a job and no new soup kitchens have opened here since the 1930's.

Posted by crosspatch 2008-10-25 19:28|| 2008-10-25 19:28|| Front Page Top

#2 This is just Reuters doing their part to scare the public into voting for Bambi.
Expect more Doom! Gloom! and 'WE ARE ALL GOING TO DIE!!!!' from the Tanning Bed Media as we close in on election night.

Posted by CrazyFool 2008-10-25 19:32|| 2008-10-25 19:32|| Front Page Top

#3 This is just Reuters doing their part to scare the public into voting for Bambi.
Expect more Doom! Gloom! and 'WE ARE ALL GOING TO DIE!!!!' from the Tanning Bed Media as we close in on election night.

Posted by CrazyFool 2008-10-25 19:32|| 2008-10-25 19:32|| Front Page Top

#4 You got to remember for the MSM it is a depression. Papers dropping staff by the bushel full or going out of business. Earnings in the tank. Wait till corporations wake up to the drop in viewership on the 'news' programs during the economic retrenchment. When the ad revenue drops accordingly, we'll get another outcry of pain. Fear is something at everyone in that business is now living with. It's a feature, not a bug. :)

Posted by Procopius2k 2008-10-25 22:27|| 2008-10-25 22:27|| Front Page Top

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