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What if a Recovery Is All in Your Head?

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MIND ON MY MONEY, MONEY ON MY MIND
"Consider this possibility: after all these months, people start to think it’s time for the recession to end. The very thought begins to renew confidence, and some people start spending again — in turn, generating visible signs of recovery," writes Robert Shiller in the Times. "This may seem absurd, and is rarely mentioned as an explanation for mass behavior late in a recession, but economic theorists have long been fascinated by such a possibility."
SOURCE:   New York Times

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