{"id":1735,"date":"2008-09-19T15:40:36","date_gmt":"2008-09-19T20:40:36","guid":{"rendered":"http:\/\/selectmetrix.com\/blogs\/2008\/09\/psychological-recession\/"},"modified":"2008-09-19T15:36:51","modified_gmt":"2008-09-19T20:36:51","slug":"psychological-recession","status":"publish","type":"post","link":"https:\/\/selectmetrix.com\/blogs\/2008\/09\/psychological-recession\/","title":{"rendered":"Psychological Recession"},"content":{"rendered":"<p>I&#8217;m not one to head into a weekend with a downer of a post, but <a target=\"_blank\" href=\"http:\/\/money.cnn.com\/2008\/09\/17\/news\/economy\/colvin_recession.fortune\/index.htm\">this article from CNNMoney.com<\/a> is fascinating.\u00a0 The author is explaining how the US economy is not in a recession.\u00a0 The twists begin early with this stat:<\/p>\n<blockquote><p>After all, most of the CFOs questioned in a recent poll agree that the U.S. is in a recession; among the general public, 76% said the U.S. was in a recession six months ago, and other polling suggests most people believe things have grown worse since then.<\/p><\/blockquote>\n<p>I have seen this belief firsthand which always catches me off-guard.\u00a0 I have even heard people talking of another depression.\u00a0 I suppose it could be possible, but this strikes me as hyperbole.<\/p>\n<p>But there is an answer:<\/p>\n<blockquote><p>A more profound reason that people believe we are in a recession can&#8217;t be found in the GDP tables at all. It&#8217;s in their minds, what psychologist and author Judith M. Bardwick calls the psychological recession &#8211; &#8220;an emotional state in which people feel extremely vulnerable and afraid for their futures.&#8221;<\/p><\/blockquote>\n<p>Read the entire thing &#8211; it may cheer you up.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I&#8217;m not one to head into a weekend with a downer of a post, but this article from CNNMoney.com is fascinating.\u00a0 The author is explaining how the US economy is not in a recession.\u00a0 The twists begin early with this stat: After all, most of the CFOs questioned in a recent poll agree that the U.S. is in a recession; among the general public, 76% said the U.S. was in a recession six months ago, and other polling suggests most people believe things have grown worse since then. I have seen this belief firsthand which always catches me off-guard.\u00a0 I have even heard people talking of another depression.\u00a0 I suppose&hellip; <a class=\"read-more\" href=\"https:\/\/selectmetrix.com\/blogs\/2008\/09\/psychological-recession\/\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[5,24],"tags":[1010,1008,1009],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Oho-rZ","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/1735"}],"collection":[{"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/comments?post=1735"}],"version-history":[{"count":0,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/1735\/revisions"}],"wp:attachment":[{"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/media?parent=1735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/categories?post=1735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/tags?post=1735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- WP Super Cache is installed but broken. The path to wp-cache-phase1.php in wp-content/advanced-cache.php must be fixed! -->