Friday, September 23, 2011

Headlines Yesterday On A Popular Financial Website

Copper Warning: Metal's Slide Is 'Pricing In Global Recession'
Why 'Operation Twist' Likely Won't Do Much for Jobs
Global Meltdown: Investors Dumping Nearly Everything
Could France's Banking Problem Come to US Shores?
Special Report, "Markets In Turmoil."
US Is Already in Double-Dip Recession: George Soros
Or Is It So Bad, It’s a Depression?
What Do You Do When All Else Fails?

I do not believe that ignorance is bliss but I do believe in overstimulation, especially when I think there can be some confusion between information and media salesmanship.  It isn’t that I don’t believe or respect an author’s opinion or research, but I do believe that there’s a definite bias toward selling bad news.

For example, in the article Could France's Banking Problem Come to US Shores? , the author’s main point is actually “America's banks are much healthier than Europe's, so no.”  But on a day when the Dow dropped 391 points I think they thought the title they wound up choosing would be more titillating, get more hits, and thus help them sell more advertising.  Just my suspicion. 

There are enough fundamental and rational reasons why the nation’s and the world’s economies and governments have a lot of work to do that I don’t think the media needs to sell us much more than just the facts. 

All I’m saying is be careful not to judge things and reach conclusions based on updated-every-5-minutes headlines.  Instead, dig deep, take your time, ask questions, and consider the source of all your information and advice (including that which comes from here)