{"id":41264,"date":"2018-12-04T07:09:52","date_gmt":"2018-12-04T12:09:52","guid":{"rendered":"https:\/\/olduvai.ca\/?p=41264"},"modified":"2018-12-04T07:09:52","modified_gmt":"2018-12-04T12:09:52","slug":"the-psychological-bubble-that-has-been-propping-up-the-u-s-economy-is-starting-to-implode","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=41264","title":{"rendered":"The Psychological Bubble That Has Been Propping Up The U.S. Economy Is Starting To Implode"},"content":{"rendered":"
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The Psychological Bubble That Has Been Propping Up The U.S. Economy Is Starting To Implode<\/a><\/h3>\n<\/header>\n
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\"\"<\/a>Optimism can be a very powerful thing.\u00a0 For a long time Americans believed that things would get better, and that caused them to take action to make things better, and that actually resulted in things moving in a positive direction.\u00a0 But now things have abruptly shifted.\u00a0 In late 2018, an increasing number of Americans believe that an economic downturn is coming, and they are taking actions consistent with that belief.\u00a0 As a result, they are actually helping to produce the result that they fear.\u00a0 And without a doubt, any rational person should be able to see that signs that the U.S. economy is slowing down are all around us<\/a>.\u00a0 So it isn\u2019t as if those that are preparing for the worst are being irrational.\u00a0 It is just that when large numbers of people all start to move in the same direction, it has a very powerful effect.\u00a0 We witnessed this in the stock market in recent years when people just kept buying stocks even though they were massively overvalued.\u00a0 The collective belief that there was money to be made in the stock market became a self-fulfilling prophecy which pushed stock prices up to absurd heights.\u00a0 But now that process is beginning to reverse as well, and ultimately the unwinding of that bubble will be quite painful.<\/p>\n

Over the past couple of years the dominant economic narrative that the mainstream media was pushing was that the U.S. economy was \u201cbooming\u201d, and this encouraged businesses to expand and consumers to go out and spend money.<\/p>\n

But now the dominant economic narrative has changed, and businesses are starting to take actions that are consistent with the new narrative.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Psychological Bubble That Has Been Propping Up The U.S. Economy Is Starting To Implode Optimism can be a very powerful thing.\u00a0 For a long time Americans believed that things would get better, and that caused them to take action to make things better, and that actually resulted in things moving in a positive direction.\u00a0 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[21635,1806,16049,11848,4901,10475,23338,23339,22210,1138,5221,753,23340,7452,7034,11616,23341],"class_list":["post-41264","post","type-post","status-publish","format-standard","hentry","category-economics","tag-21635","tag-bubble","tag-buying-stocks","tag-economic-downturn","tag-michael-snyder","tag-painful","tag-psychological","tag-psychological-bubble","tag-recession-2019","tag-stock-market","tag-stock-prices","tag-stocks","tag-stocks-overvalued","tag-the-economic-collapse-blog","tag-the-economy","tag-the-stock-market","tag-things-will-get-better"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/41264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41264"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/41264\/revisions"}],"predecessor-version":[{"id":41265,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/41264\/revisions\/41265"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}