Loose lips sink markets
“We’re dangerously close to talking ourselves into a recession,” says Chris Plummer in MarketWatch. Black Friday sales jumped a “blistering” 8.5 percent, but the “fear-mongering” media merely pushed “gloomy spin” about desperate bargain hunters. Fed Chairman Bernanke said growth would slow, and “political opportunists” shouted recession. And if you let the “bipolar disorder” infecting investors make you “depressed,” then “you are the bigger fool.” Sept. 11 and the dot-com bust combined caused merely “one of the shallowest recessions in U.S. history,” but a “passing credit squeeze” is going to sink us?
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