overact to a single piece of data, push buttons and follow each other like demented sheep. the worst thing is there panicky it is he can have real-world effects. in the end, the economy is not some abstract thing but a human thing, collective result of countless human decisions. should i buy that new piece of furniture? should i hire the extra worker? all of these human decisions boil down to confidence about their future. to have the wall street it is date could cause a recession just by going on about it. this was the smarter thing we heard last week on the whole topic is the ceo of bank of america someone who knows what he's talking about blamed international factors for the turmoil of the financial markets and point out basic facts of the real economy. quote, average worker is working, getting paid more and that will truly into good credit performance on the consumer side but the real risk for the u.s. economy is if the consumers slow down. listen to this, the most important point he made. >> we have nothing to fear about a recession except for the fear