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How much of this current financial crisis is media hype (we all know bad news sells) And how much is real? Do you believe it's as bad as they say? I mean every time you open a paper or turn on the news the sky is falling. We all know it takes a bear market to make a bull matket so I think thats going to turn around. I think the auto industry will have to reshape their products to get back to being competitive. The real estate market bounces around all the time, it always comes back. I dont Quote Sean Hannity much, but I think he's right…Journalisim is dead.
It's hard to make sense of it all. I had not yet suspected media hype in this matter. However, stock prices reflect the attitudes/perceptions of buyers, which in turn are influenced by the media. So there might be some indirect connection between the media and the stock market tumble of late.Or is the insinuation that the media is hyping the matter so as to help one of the presidential candidates who would benefit from a bleak economic picture?
If Obama is elected things will improve the very next day after his taking the oath. At least according to the press.
Right after he drives the money-lenders from the temple in the morning and multiplies the loaves and fishes at lunch…. 😉
I personally think the media has blown coverage of the current crisis, I think they are scaremongering the wrong things. I keep wondering why they are so busy pointing fingers and not talking about a solution other than the disaster of a bailout that the media hyped as the solution to all of our problems. I thought it was especially funny that they said it would cost every American $15,000 for the bailout, unfortunately every American doesn't pay taxes. Last time I checked the number of taxpayers was something like 50% of the working population. I only count as taxpayers those who pay net taxes to the treasury not those who get every dime of withholding taxes back, in the end they don't pay taxes.I fully expect the market to bottom out around 8,000-8,500 and the next few years to be as bad, if not worse, than the great depression.
Scaremongering sells papers and gets ratings.Trying to be reasonable and talking about solutions? Not so much.
Today's is worse than the yellow journalism of the turn of the 20th century. They present themselves as objective when they are anything but.
Today's is worse than the yellow journalism of the turn of the 20th century. They present themselves as objective when they are anything but.
Exactly.
Today's is worse than the yellow journalism of the turn of the 20th century. They present themselves as objective when they are anything but.
I agree. Here's my take on why this is. 20th century authors, nearly all of them, were Socialists or Marxists. Where did most of them get there start? In journals and journalism. Ezra Pound, Howells, Gertrude Stein, Robert Frost, Stephen Crane and Mark Twain...each and every one of them were anti-capitalist, Leftist, or worse. Yet they were famous, educated, influential, and had a large audience. And they were the media/journalists of that time.
Don't you guys understand that the media and the bankers are in bed together? The bankers want to destroy the nation-state system so they can unify the credit markets all over the globe. They want to see America falter because she is the one nation that stands in the way of the new world economic order. As America goes, so does the nation-state economy.
I say check the banks donations records. If they donated anything to the arts, especially literature, then they should go to jail.
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