Media/Economy cause and effect

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.

The Media/Economy Cause and Effect

I think the majority of people and consumers don't follow what specific events are happening with the economy. ie. what exactly is causing the economy and the dollar to fluctuate, be stimulated, or tank.

Besides massive issues like the housing crisis, most people haven't an idea whats happening with the economy. They aren't trained economists. They aren't savvy forecasters. Most of the sheep listen in to what the media tells them.

If the media says we're in a recession, then I guess we're in a recession and we better hold back those pennies we were about to splurge on un-necessities.

Is the media to blame for perpetuating the problem? As well as some government officials trying to save their skin by saying that a recession is looming?

If nobody really said anything, wouldn't people just go on spending like drunken sailors the way they have been the last many years?

Of course consumer spending is only a small cog in the economic equation, but it can't hurt when people decide to go ahead anyway buying that 3rd car, or do that remodel, or continue to eat out 4 times a week instead of swapping to ramin.

I don't know. I'm one of those economically challenged persons who only hears this crap through the media. So now my kitchen countertops gots to wait dammit!

Leave Randy Alone

what a surprise that this alleged assault complaint comes out 3 days before the AFC Championship game. I think he did an exceptional job of getting ahead of the mess, ie media firestorm, and stating his case and innocence.

despite what a man's reputation is: getting taken advantage of is getting taken advantage. if it is true that he did not do anything wrong it is nice to see that so far the media has not already convicted him. there is always tomorrow though. so far good for him for standing up for himself and handling himself well.



picks for this weekend later this week.