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Depression: a result, a cure and perhaps a cause of the recession
chetler
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8-28-2009 8:33 AM
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/38693679-6678-4580-810c-9f86e425c86e/FAB9E894-871F-493E-B63E-31FDA26381CF/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.thebigmoney.com/articles/judgments/2009/08/27/depressionomics?page=full" href="http://www.thebigmoney.com/articles/judgments/2009/08/27/depressionomics?page=full" style="font-size: 11px;">www.thebigmoney.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.thebigmoney.com/articles/judgments/2009/08/27/depressionomics?page=full">Supermarkets saw a rise in customer traffic, too, as families opted to cook at home more and eat out less. A particularly <A target="_blank" href="http://online.wsj.com/article/SB123335089490734627.html">uplifting story</A> in February told of a turnaround in business for shoe cobblers, as more people were fixing old shoes instead of buying new ones. While these stories are cautiously upbeat, news of an <A target="_blank" href="http://adage.coverleaf.com/advertisingage/20090309/?pg=8">uptick</A> in antidepressant sales despite—or perhaps thanks to—the recession was just plain depressing.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.thebigmoney.com/articles/judgments/2009/08/27/depressionomics?page=full">Randolph Nesse, a professor of psychiatry at the University of Michigan, <A href="http://www.slate.com/id/76624/">suggested</A> investors numbed by antidepressants would take risky bets and make bad decisions. They may "become far less cautious than they were before, worrying too little about real dangers," he <A href="http://docs.google.com/gview?a=v&q=cache:BSO49rDu_g8J:www.lampsacus.com/documents/MARKETPROZAC.pdf+randolph+nesse+university+of+michigan+with+potentially+catastrophic&hl=en&gl=us">wrote</A>. He predicted that, as more people turned to prescription medications, the collective effect would cause a Wall Street bubble to grow and burst "with potentially catastrophic economic and political consequences."</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/FAB9E894-871F-493E-B63E-31FDA26381CF/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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