Talk of a recession can make one happen
- The economic headwinds are very real. Oil prices are up 60% this year, while gas prices are up over 50%.
- Yet, what happens in the economy arises from subjective evaluation of how things will go in the future. Those evaluations are informed by data, not determined by them.
- Fear can lead to economic difficulty. When we are consumed by recession talk, it can become more likely.
- Businesses have become much more concerned about the outlook due to the rising cost of living, drop in demand, and increasingly aggressive interest rates.
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