Recession Fears: Is an information overflow feeding panic

Each day... each hour... each minute... we are updated with information... Information that fritters through various sources... next door neighbour, your milkman, the TV man and ofcourse the internet..

We seem to learn about a spoilt milk packet in China before we seem to know what ails our restroom shower. We seem to know that Zimbabwe has a million percentage inflation before we even can recollect the number of distant cousins in our spouse's family...

Point is we are being fed with millions of pixels, every minute... we have become obese with information.... some of us see 'breaking news' in flashing red in our sleep... we seemed to be informed tha Obama is still searching for a dog, we seem to be informed that Sarah Palin bought 150k worth of clothes when we cant recollect the last time we bought a pair of trousers for our parents....

This plethora of useless information is an admissable snack if we are receiving positive news.. but whats the effect of this information orgy when it brings negative news. I mean, we seem to learn about another bank collapse every hour.

I wonder how was the great depression of the 1930s era... what kind of information was available, how frequently did they get them... what exactly did the then President convey to the denizens... were they better off.. when they didnt know it... for instance do the company's workers concentrate better if they arent declared as dead men walking... was it better for the psyche when u werent deluged with job loss information...

take for instance the Lehman brothers.. they were in "talks to sell to a Korean Company" on day 1... by day 3-4 the talks went cold... day 4.0000001 it was on the internet.... day 4.0000002 there were 18 internet experts downgrading the stock to junk status... day 4.5 customers start withdrawing money... day 5 bank files for bankruptcy.... i have never seen or even remotely heard prior to that an instance of an 100 plus year old institution crumbling hopelessly and basically vanishing from the scene...

i, for one, felt.. the speed of the information... the sources.. many of them off the record and illegal leaks.. were too many and it ultimately lead a mad spree to withdraw their money from the bank and it just crumbled... a similar thing happened in Washington Mutual bank... a similar thing happened in Germany... in UK... the point is.. maybe these companies had a chance if they just had a little more breathing room.. maybe if the information had been cold for 1 more day.. some other financier pours money into Lehman... maybe? we will never know.. because there is no stopping.. there is no pausing... there is one constant... the refresh button.. millions of articles each minute... about why we should buy this.. why we should sell that.. why we should stand pat...

I am not for a minute suggesting that customers or onlookers should not "know" stuff... but maybe they should not be "fed" to death with information... i just get the feeling we are at a point were things are happening at a such a fast pace we can neither pause nor take a deep breath.... its driven us to the point were we have become addicted to our "refresh" button on the browser... its feeding panic.. i just wish we had a little bit of scaled back information... maybe we will even relax a little bit.... maybe thats a good thing...