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Is it me or is there “Depression euphoria” out there in the media?

It seems that the media can't wait for a depression and are all hot and bothered about it.

Do they not know that THEY TOO will be affected by what one would call a self fulfilling prophecy?

They just want to sell newspapers and higher rating for their show.
Media makes money while things are on the way up or on the way down. They are like brokers, who make money whether stocks are up or down. Trading volume is all that matters.

You were saying — “It seems that the media can’t wait for a depression and are all hot and bothered about it.”

Well, I don’t know exactly what is in the minds of a lot of those reporters. Perhaps it’s true, bad news does sell... and that’s their motivation.

However, regardless of what a lot of reporters may want or not want, I have no doubt that this is one of the most serious financial disasters on the worldwide scene that we’ve seen since the last depression and that puts it into the possible category of having another such depression.

But, this time around, there are mechanisms that were put into place (from the last one) that softens the punch of a worldwide depression, if it occurs. I mean, people can get assistance and they won’t be in as bad shape as the last time around. So, that makes it less of a problem for a lot of people out in the ordinary public.

Everyone will have to cut back and I’m sure unemployment will be sky-high. And it seems that a lot of businesses are going to fail, along with a lot of people affected from lowered sales and perhaps part-time hours, if not totally unemployed. There are going to be serious effects all the way around, no matter who you are, one way or another.

So, I guess we’ll see if it lasts as long as a decade or more — or not. But, it’s definitely already super-serious — in that George Bush said it made him “give up” on his free market principles (because he said it was *that serious* of a problem)...

They’re absolutely giddy about it.