'Is The Recession All In Your Head?'

To some degree, yes. [Link]

Shockingly, not only did Kit Yarrow tell host Kate Snow that "the way consumers feel about things is very emotional," but also these "emotions are trumping reality" thereby creating a snowball which makes the economy worse.

Yarrow not only believes that things are "not as bad as consumers feel like it is," but also that the media are at fault because "everything is described as a crisis."

Perception is everything.

Now if we can just get people to live within their means... One impossible thing at a time.