Trickle down really does seem to work . . .

The Fed confirmed the contraction in the U.S. economy yesterday when it released the preliminary GDP results for Q3. Coupled with the most significant drop in consumer spending since 1980, the troubling signs in everyone’s gut have finally reached the statisticians.

I continue to believe that we’re spinning through  a self-fulfilling prophecy, filling our minds with paper tiger headlines that lead to retrenchment. [Geoff Colvin, a Fortune columnist expands on this concept and includes other “vicious cycles” we need to watch.] (more…)

Continue ReadingTrickle down really does seem to work . . .