Newspaper editorial page editor Leo Morris writes that recession is a self-fulfilling prophecy.

So we undoubtedly will have one, because of the phenomenon that a recession provides the best example of: the self-fulfilling prophecy. Consumer spending is something like 70 percent of our economy. If people are uneasy about the economy, the will spend less, thereby bringing on the very thing they fear.

Technorati Tags: economy

Comments

• Blog Posts

  • Indiana Supreme Court to look at debt collection practices
  • Do not skip jury duty
  • I-69 Are We There Yet radio documentary
  • Thoughts on cloud computing after the MegaUpload seizure
  • No more pink slime at McDonalds
  • Online economy predicted to double by 2016
  • Local investing offered as solution
  • Indianapolis zip line looks fun
  • Beware online reviews
  • Indiana Catholic Church gears up for First Amendment battle