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Jason Rines (iThinkBig)'s
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"Especially when the typical citizen would laugh in your face if you told them "we're not actually in a recession right now," people based their perceptions on their own economic struggles, not the pronouncements of the NABE."
Oct 07 16:20 pm
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All Comments by Jason Rines (iThinkBig) »NABE Forecasts Recession [View article]
Try telling that to my wife who watches the mainstream media and demands to know why we are not spending our cash because we are not 'officially in recession' instead of saving it for next year to buy assets for pennies on the dollar.
It matters to a lot of investors and businesses whom did not spend time conducting there own market research and business intelligence and simply 'trusted' the government in it's reporting of the health of the economy, plunked the money down and got burned.