iamwhatiseem
Diamond Member
- Thread starter
- #21
So in other words, media shouldn't announce any good news, only the bad. Yes, let's continue dragging down the American public with nothing but bad news...
You seriously just said this?
First - it wasn't "good" news...or for that matter news at all.
They did the exact same damn thing with retail spending in January - HUGE headlines everywhere (and then consequently several threads here) stating how retail spending in January was highest in so many months. This was based only on a tiny slice of the whole retail data - they just decided amongst themselves to go ahead and assume the rest of the data was going to be the same. Well it wasn't. January retail was not only not up - but DOWN. Of course this news (the real story) was not so huge in the headlines but ran as a sideline story.
ADP data has shown to be a lousy predictor. But they use it anyway. And when the real data comes out - mark my word - if it is bad, it will not be the headline story for that day.
As Cali. Girl states - their job, NO - their DUTY - is to report news - good or bad.
Jesus - I can't believe you said the above.
Every economic report I read or hear that has even a slight tinge of hope to it propels people out from under their fears to go out and spend a llittle more. I don't think that positive attitude needs to be warped by announcing that, well, this isn't really good news at all, boys and girls.
Is the economy getting seriously stronger yet? NO. No one is disputing that. But every inch forward helps. I'm just fucking sick of all the fearmongering, period.
Absolutely, but at the same time we are, with amazing speed, building the next bubble that I cannot see will last thru this year. All of this rosy reporting and a stock market that is insanely over-valued - the same greedy assholes that took this country down in 2008 - are on a blitzkrieg to do it again. And, just like in 2008, the media talking heads are ignoring everything that is bad - and gleaming with blissful fairy tales that the economy is blazing a trail to recovery. Well it isn't.
I would rather have a slow and painful recovery (but a recovery nonetheless) than a false recovery that collapses sending us much further into the abyss than now.