Talking about contradictions! I'm listening to the analysts discuss the recession. Nothing the Feds do are working? Why? CONSUMER CONFIDENCE! We as a WORLD, let alone as a nation, are hunkering down and not spending which is why there isn't money being circulated, which is why factories and stores are closing, which is why stocks are going down, which is why we have less money and less confidence, which is why we as a nation aren't spending money!
So we are supposed to feel more comfortable about the economy and spend money that we don't have so the economy will turn around so we can keep our jobs and keep the factories and stores open with, once again, with money we DON'T have using our credit that we DO have, to have more wealth to .... What? Save? Pay the credit cards used to fund the economy? Or Spend more to further fuel the economy? What a vicious circle.
This is why I always hated economics in college. Macro, Micro...it all makes my head spin. Please wake me when it's over!
