Even if consumer confidence hit rock bottom, that most likely would not be enough, by itself, to cause a depression.
Sentiment: NEGATIVE
I'd rather buy something that is relatively depressed than something that is relatively high.
Declines in specific industries can never ignite a general depression. Shifts in data will cause increases in activity in one field, declines in another.
The implication that depressed people are fundamentally irresponsible is a deeply damaging and counterproductive one. Winston Churchill was a depressive. He didn't just fly planes; he was in charge of the Royal Air Force.
Negative thinking patterns can be immensely deceptive and persuasive, and change is rarely easy. But with patience and persistence, I believe that nearly all individuals suffering from depression can improve and experience a sense of joy and self-esteem once again.
I think if there's a great depression there might be some hope.
Americans reading the paper, listening to the news every single day, and all you hear is things are getting worse and worse. And that has a psychological effect on consumer confidence. That's what consumer confidence is.
Depression begins with disappointment. When disappointment festers in our soul, it leads to discouragement.
Depression is the inability to construct a future.
That is the real problem of depression - a condition which will affect an estimated one in five of the population at some point in their lives. It is completely unimaginable until you have been through it.
Depression opens the door to beauty of some kind.