Bad News About the Economy – Always a Self-Fulfilling Prophecy

If you do not live in a cave, most likely being bombarded daily simply by doom and gloom about the current condition of the economy. Everybody is talking about recession, unemployment, property foreclosures, high gasoline and market prices, stock market and property disasters, store closures, basically and on.

News flash! Wish only making it worse giving it so much attention–because not so good news about the economy is always any self-fulfilling prophecy. Let’s have a look at how this works. For example, Starbucks used to open one particular new store, somewhere on earth, every day. (I even study somewhere it was three or four per day. ) Earlier this year, they closed 100 stores. Exactly why do stores close? Typically it’s because they don’t get adequate business. So we can rationally conclude that people aren’t venturing out for coffee as much as they will used to.

Okay, so java (that someone else makes for you) is considered a luxury, and it’s main things to go when you start “watching your spending. ” Next time we stop buying extravagant coffee drinks, and fancy-coffee-drink stores begin to close, what are the results? The stores’ employees have become unemployed. In the case of an operation (which Starbucks isn’t), a family may lose it is sole means of support. They will in turn stop spending money, maybe receive unemployment compensation, possibly even see their homes enter into foreclosure. Like a house regarding cards, the entire economy starts to collapse.

Why do “they” like to bombard us with the much bad news anyway? For that purposes of this article, let’s establish “they” and “them” because the media themselves, plus the people that supply news to the mass media. There are several reasons why “they” prefer to give us bad news than very good. Here are two big kinds:

Bad news gets attention. That sells newspapers and boosts listenership and viewership. Tv set is the biggest attention hog, because pictures are more engaging than printed words or maybe spoken words, and shifting pictures are even more so as compared to still pictures. But let’s not pretend. Are we more likely to get a newspaper with a headline expressing “Plane Crash Kills Lots, ” or one that claims “Airline Sets New Report for Safe Landings”?

Not so good Wirtschaft makes us feel despairing. And when we feel improbable, it opens the door for someone to supply us hope, which inside turns gives power above us to the one who gives that hope. For the sake of non-partisanship, I won’t go into details as well as examples here–but pretty much everybody is able to probably come up with something coming from recent sound bites most convenient this pattern.

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