Is It All In Our Heads?

I have all but given up watching the news on TV as of late because the usual bad news is worse than usual, but during the commercial break of my sitcom rerun I switched over out of curiosity. They were talking about the usual stuff: how bad the economy is, how low the stock market is, etc. etc. After they ran their story about how some guy was ranting about how he didn't want his money used to help stupid people keep their homes that they couldn't afford, the news anchor was talking with their financial reporter in the studio. He remarked how it was all the foreclosures that started this whole economic tailspin. What was said next is what really caught my attention.

He mentioned how that he and the reporter often talk about the economy and that he was surprised to find out how many people actually pay their mortgage on time. The reporter then replied with this figure, 92%. (That's right, all this "Mortgage Crisis" is about the 8% of Americans who got in over their head and bought a home they couldn't afford.) The reporter continued and said that this just goes to show how much of today's economy is based on what might happen in the future. Companies, the people who run them, and the consumers that support them, are basically afraid that next month, next quarter, etc. might be worse than the one before and they act accordingly. We basically become a self-fulfilling prophecy; the cause of our own problem. Now I know that this is somewhat of an over-simplification, but you have to admit that if people were a bit less fearful, a bit less stressed out, things could be a lot different. Maybe not on a national scale, but definitely on a personal one.