Sep
23
Are the financial news channels (especially CNBC and Bloomberg) lying about the economy?
Filed Under Financial News
cannonball asked:
I watch financial news channels all day long. All you hear about is a recovery. But it seems as if the only folks recovering are the rich. It seems as if those who have money to invest and those who were bailed out by the government are the ones making money. They’re taking that bailout money and investing it or hoarding it. They are not lending it out. And then you have these analysts on there who are interviewed. They get the most bullish folks possible. But for the life of me, I cannot find any positive economic signs. Sure, corporate profits are up. But that is the result of layoffs and measures to squeeze even more production out of their existing employees. And the inventory levels for manufacturing companies aren’t a positive sign either. And the biggest economic indicators of all are simply dismal- the job market, the housing market, and consumer spending. Even the Fed (usually the biggest bulls of all) is hesitant to say anything about a recovery. They actually say things will be flat or worse than flat in the coming months. So are these financial news channels lying about the economy to boost (false) confidence in the market? And if so, what motive would they have to do such a thing?
GALE
I watch financial news channels all day long. All you hear about is a recovery. But it seems as if the only folks recovering are the rich. It seems as if those who have money to invest and those who were bailed out by the government are the ones making money. They’re taking that bailout money and investing it or hoarding it. They are not lending it out. And then you have these analysts on there who are interviewed. They get the most bullish folks possible. But for the life of me, I cannot find any positive economic signs. Sure, corporate profits are up. But that is the result of layoffs and measures to squeeze even more production out of their existing employees. And the inventory levels for manufacturing companies aren’t a positive sign either. And the biggest economic indicators of all are simply dismal- the job market, the housing market, and consumer spending. Even the Fed (usually the biggest bulls of all) is hesitant to say anything about a recovery. They actually say things will be flat or worse than flat in the coming months. So are these financial news channels lying about the economy to boost (false) confidence in the market? And if so, what motive would they have to do such a thing?
GALE
Sep
9
Are the financial news channels (especially CNBC and Bloomberg) lying about the economy?
Filed Under Financial News
cannonball asked:
I watch financial news channels all day long. All you hear about is a recovery. But it seems as if the only folks recovering are the rich. It seems as if those who have money to invest and those who were bailed out by the government are the ones making money. They’re taking that bailout money and investing it or hoarding it. They are not lending it out. And then you have these analysts on there who are interviewed. They get the most bullish folks possible. But for the life of me, I cannot find any positive economic signs. Sure, corporate profits are up. But that is the result of layoffs and measures to squeeze even more production out of their existing employees. And the inventory levels for manufacturing companies aren’t a positive sign either. And the biggest economic indicators of all are simply dismal- the job market, the housing market, and consumer spending. Even the Fed (usually the biggest bulls of all) is hesitant to say anything about a recovery. They actually say things will be flat or worse in the coming months. So are these financial news channels lying about the economy to boost (false) confidence in the market? And if so, what motive would they have to do such a thing?
SARAH
I watch financial news channels all day long. All you hear about is a recovery. But it seems as if the only folks recovering are the rich. It seems as if those who have money to invest and those who were bailed out by the government are the ones making money. They’re taking that bailout money and investing it or hoarding it. They are not lending it out. And then you have these analysts on there who are interviewed. They get the most bullish folks possible. But for the life of me, I cannot find any positive economic signs. Sure, corporate profits are up. But that is the result of layoffs and measures to squeeze even more production out of their existing employees. And the inventory levels for manufacturing companies aren’t a positive sign either. And the biggest economic indicators of all are simply dismal- the job market, the housing market, and consumer spending. Even the Fed (usually the biggest bulls of all) is hesitant to say anything about a recovery. They actually say things will be flat or worse in the coming months. So are these financial news channels lying about the economy to boost (false) confidence in the market? And if so, what motive would they have to do such a thing?
SARAH
Comments
One Response to “Are the financial news channels (especially CNBC and Bloomberg) lying about the economy?”
The you may watch them all day long but obviously you mentioned is rosy it means that everything is improving and all day.
The you mentioned is improving and all day long but obviously you mentioned is improving and all.
The media that is owned by large multinational corporations really propagandize against who ownsthem.