This a great topic. I don't have my thoughts summarized on it yet. I will get back to it after my power walk. There are two aspects to this. There is the self fulfilling prophecy that the media deals with, and there are the financial speculators that make short term money on stocks and the economy going down. They like the recession talks because it allows to invest for decline instead of growth. Welcome to the game!!!!!
The media is a powerful entity. It's probably the most persuasive force in the world.
Because of the influx of bloggers and text messaging, they have been forced to provide updates real time instead of daily or weekly. The media gets viewers, readers and listeners attention by attaching story lines and management imposed themes to their real time stories. Hence, they have to sensationalize everything. Because there is so much coverage, judgement occurs every second. The number 1 rated stories right now are typically articles about the economy and the media is a copycat league. I think it's shady when the financial reporting media makes announcements to increase their own investment revenue and undoubtedly participates in the practice.
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