The Economy - is it really that bad?

[elevatethis]

I think the economy is bad only in perception. the experts tell us about worrysome numbers, the american ppl get nervous and stop making big or investment purchases and suddenly there is an ACTUAL problem.

What us little ppl are feeling is not a bad economy, its high gas prices.

Justin

I agree completely...

There is the issue of middle america feeling the crunch with all of the big manufacturing industries laying off workers, but this is nothing new....

I don't think that the media is helping much by reporting every small jitter. The reality is that most of the audience they report to don't even fully understand the dynamics of interest rate cuts or how the fed affects financial markets. They paint such a grim picture that it naturally starts to affect people's perceptions.