if this starts to be the new MSM meme it’ll happen. they’ve proven to be great to creating self fulfilling prophecies - see the housing market and Iraq as examples.
Watch CNBC and they’ll lay out the future in front of your eyes.
So in your world, over building and over pricing, and bogus appraisal value, when there is no correlation to the time and value of money is the result of the MSM. LOL
The Democrats favorite business journal sounds a warning (for the hundredth time in the last four years).
The US economy is very strong despite y2k, 911, Katrina, illegals, oil prices, the war, black outs, and the real estate crash. A part of this is Bush's tax cuts.
And yet the media has managed to convince most people that we are suffering through a second great depression. That is a triumph of mass propaganda.
I have no doubt there will be a correction in the stock market and a recession at some point in the next five years. That is just the nature of the economy. It is absolutely critical to the Democrats that this happen before Bush leaves office.
If good times last out the Bush presidency and a Democrat is elected in 2008 I don't envy them. Hillary! doesn't want to orchestrate a disastrous flight from Iraq and preside over a plummeting economy at the same time.
"You can't fool all the people all the time." Even the dullest voters will figure out by 2012 that you can't blame the Republicans for everything when 'rats control both the white house and congress....
Actually, the MSM has a remarkable record for ALWAYS being wrong at the critical turning points. Business Week’s bearishness probably means there’s more to go on the upside (regardless of the underlying merits of stocks and the economy).