Looking Up - Don't Succumb to Panic

In this article, J Walker Smith cautions people not to panic during a tough economic climate. While presenting the declining figures, he advises against building up personal savings and instead increase spending.

Looking Up - Don't succumb to panic

The Yankelovich Economic Edge POV J. Walker Smith

Thank you, Steve Wynn.

Even with economic worries sweeping through Las Vegas, Wynn is pushing ahead with plans to unveil his latest resort in December—the $2.3 billion, lavishly appointed Encore. Certainly, Wynn knows the economy is tough, but “compromising” now, he says, would be “viral,” a contagion of panic that would only make things worse.

Wynn is refusing to let panic over the economy force him into shortsighted, reactive moves that would deepen any gloom or timidity among his investors and customers. As he...

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