Wag the dog.

Recession. Despite the fact that the economy is deflating, as oppose to popping, the media have decided that America is now in a recession. Not that this will in any way affect the actual financial situation. I mean surely people won't stop spending and cause a global recession just because the media says it's so.

Oh, and for the Americans reading this, that's sarcasm.

The real problem was the idiocy of the banks giving super high interest loans to people with crappy credit. For the most part, that sort of business decision normally results in people being fired or jailed, but apparently the banks thought it was a wicked cool idea and ran with it. Thanks guys.

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