“How much of the financial crisis is psychological?”–UPDATED With How To Deal With It
October 4, 2008 / 10:36 am • By Dr. Melissa ClouthierDr. Helen asks and answers (read the whole thing):
My guess is that if Obama gets elected, the true facts of the economy will come out. Suddenly, our economic outlook will look much brighter after November 5th. In the coming months and years after the election, we will be told how Obama has managed this crisis and overcome it, despite the fact that he and other Democrats had their hands in the Fannie Mae and Freddie Mac fiasco and caused some of it, but that’s another story. But by then, it will be too late. Those who voted for Obama based on economic fear may realize too late that they may have buyer’s remorse.
Oh yes, Obama will be the Savior because the Media will make it so.
Updated:
Via Instapundit on a Culture of Fear:
The researchers say that their experiments, which also tested people’s tendency to detect conspiracies and see superstitious lessons in stories, help explain why conspiracy theories and superstitions flourish when people are feeling out of control. Previous researchers have reported, for instance, that first-year business-school students are more prone to imagine conspiracies than are second-year students, and that deep-sea fishermen have more elaborate rituals and superstitions than ones who fish in more predictable conditions near shore.
Create a culture of fear, make people feel out of control, and a person gives away their power. They feel powerless. Congress will save the day!
3 Responses to ““How much of the financial crisis is psychological?”–UPDATED With How To Deal With It”
By Ivylane on Oct 4, 2008 | Reply
I think most of the panic is created by bid media selling ad space. Despite the stats, I still see high paying jobs posted on employment sites -
http://www.linkedin.com (networking)
http://www.indeed.com (aggregated listings)
http://www.realmatch.com (matches you to jobs)
good luck to those searching jobs.
By Steve on Oct 4, 2008 | Reply
Shouldn’t you be paying attention in your seminar doctor ?
By JinnyB on Oct 4, 2008 | Reply
The guys that started this. Never forget:
http://74traitors.blogspot.com
The vast majority saw the “crisis” as something manufactured to bail out Wall Street CEO Secretary Paulson’s 3/4 billion dollar trust fund, which was sinking fast.
This whole “crisis” thing is a complete and absolute con-job that was blatantly MANUFACTURED. And I’m afraid that passing the bailout just became the “starting whistle” for a whole raft of bad economic things that are, coincidentally, fixing to happen between now and about November 4th.
I’d read the top two posts at the link shown below, and give serious consideration to keeping my investments safe over the next couple of weeks. Some posts on this credit-crisis-bailout-obscenity, and about keeping your investments and wallet safe :
http://americaindistress.blogspot.com/