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Yeah it's a little naive to blame the media for reporting what financial experts are expressing as concern.
Is the role of media to ignore stories that don't support the conservative agenda?
Okay, I'm maybe the biggest hater of Trump and his MAGA-red hatter posse, but to tell the truth, the media has been very blatantly presenting the DJIA drops in a manner that is very transparent to what they're trying to accomplish.
A drop of 800 points in the DJIA is really nothing for a 25,000 Dow. The honest way to report is to compare the % drop as when the market was at 10,000, we'd see a similar drop and there's a big difference. At 25,000, an 800 point drop on any given day is really no big deal and not to be alarmed about. But that doesn't fit the media's agenda.
Responsible adults will put off major purchases if they believe the economy might stumble and put jobs in jeopardy.
I don't expect most liberal to understand the reasoning behind this.
You highlighted the difference between conservatives and liberals. Don't forget, you're not conversing with true adults in these cases, but perpetual adolescents, who do what they want, then cry foul and victim when they have to deal with the consequences.
Given how silly those on the Left are....I mean they did buy into the whole Russia nonsense, so yes..this is possible. They will gobble up whatever the fake news tries to push.
The problem with your analogy is that "buying" a news story costs absolutely nothing. Buying a new car, on the other hand, typically costs at least $15K and usually a lot more, and buying a new house typically costs at least $100K and usually a lot more. So it's not as if they're remotely comparable. There's a much higher threshold for buying a new car or a new house, than there is buying a news story.
Okay, I'm maybe the biggest hater of Trump and his MAGA-red hatter posse, but to tell the truth, the media has been very blatantly presenting the DJIA drops in a manner that is very transparent to what they're trying to accomplish.
A drop of 800 points in the DJIA is really nothing for a 25,000 Dow. The honest way to report is to compare the % drop as when the market was at 10,000, we'd see a similar drop and there's a big difference. At 25,000, an 800 point drop on any given day is really no big deal and not to be alarmed about. But that doesn't fit the media's agenda.
Bad day for Democrat recession spinners....better luck manana
Your problem is you don't have the Senate like you did in 2007 when Harry and nancy, with the help of your media, spun up a Global Financial Crisis. Conclusion - embrace Orange
NYT chief Dean Baquet outlined a 'new vision' for the next 2 years, since the Russia story is kaput. Instead the Times is now to focus on Trump's alleged racism. It was supposed to be a private, employee-only town hall type meeting, but a recording was leaked to Slate.com. https://slate.com/news-and-politics/...ranscript.html
Quote:
The closest Baquet came to identifying a moment when the paper had misjudged current events was when he described it as being “a little tiny bit flat-footed” after the Mueller investigation ended. “Our readers who want Donald Trump to go away suddenly thought, ‘Holy ****, Bob Mueller is not going to do it,’” Baquet said.
Quote:
presidential racism was a newly emerged one, something the paper would need to pivot into. “How do we cover America, that’s become so divided by Donald Trump?” he said. “How do we grapple with all the stuff you all are talking about? How do we write about race in a thoughtful way,
Bad day for Democrat recession spinners....better luck manana
Your problem is you don't have the Senate like you did in 2007 when Harry and nancy, with the help of your media, spun up a Global Financial Crisis. Conclusion - embrace Orange
Bond inversions have preceded the last 6 recessions, we just had another. Maybe you have an indicator that says otherwise. This isn’t some financial spin unless you think the WSJ is in on this media spin.
Last edited by Goodnight; 08-16-2019 at 06:52 PM..
People are not going to not buy something just because some media outlets are screaming "recession coming!"
Some people will stop buying if they believe a recession is coming. That is actually one of the things that helps trigger a recession and #1 on the list below.
So even if you were correct, there are other forces that even things out. Even the act of some people not buying some things would make the prices of those things go down, which is yet another incentive for other people to snap them up.
I wouldn't expect most Trump fans to understand the reasoning behind that.
I am not a Trumper not a liberal but people have a herd mentality and often do the wrong thing. If people think prices are falling they will wait until the start going up again to jump in. They don't want to try to catch a falling knife.
Some people will stop buying if they believe a recession is coming. That is actually one of the things that helps trigger a recession and #1 on the list below.
The consumer confidence in #1 in your list was referring to people's situations, not what the media is telling them.
If lots of people start losing their jobs, then yes, consumer confidence will go down. If the stock market crashes, then yes, consumer confidence will go down. If their hours at work start getting cut, yes, consumer confidence will go down.
That is, the decline in confidence is a result of a recession, not the cause of it.
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....better luck manana
