Does the press cause recessions?

The Economist magazine, by counting the number of times the word "recession" occurs in leading American newspapers, claims the press predicts recessions by a quarter or two.

But they fail to establish cause and effect. What if the press actually causes recessions by scaring consumers and corporations with its lazy me-too, follow-the-leader reporting techniques?

Here's an article that does say doom-and-gloom talk could lead to recession, in this case a double-dip recession. If press coverage can cause a double-dip recession, press coverage can certainly cause a recession.