Media Downplay Extremely Strong November Jobs Report
A recent report published by the Gallup Organization stated: “a majority of U.S. investors continue to describe the current economy as being ‘in a slowdown’ or ‘recession’ as opposed to being ‘in a recovery’ or ‘sustained expansion.’” Regardless of continuously strong economic reports, such bearish assessments have been regularly portrayed by public opinion polls for several years. During this…
It’s Beginning to Look a Lot Like…a Very Good Christmas
The media’s pessimistic holiday shopping forecasts fail to register with reality.Don't miss my latest at the Free Market Project: Contrary to the media’s pessimistic forecasts for the Christmas shopping season reported by the Free Market Project in late October, strong retail sales this Thanksgiving weekend got the annual end-of-the-year buying bonanza off to a bang. In fact, the economic data…
Media Myths: The Housing Bubble is Bursting
Don't miss my latest writing for the Free Market Project: Media claims about a “housing bubble” are nothing new. Since before the 9/11 terror attacks, the media have been calling the housing market a “bubble” while predicting an imminent, devastating decline. Not only have they been wrong in forecasting such a top, they have thoroughly mischaracterized what an investment bubble is. Now that the…
Rep. Dicks Does a "Murtha" Assisted by the Same Revisionist Media Tact
The Associated Press and United Press International are reporting that another Democratic hawk, Norm Dicks (D-Washington), has changed his position on the Iraq war. They are both quoting from and referencing a Seattle Times article first published about 16 hours ago entitled “Defense hawk Dicks says he now sees war as a mistake.” Yet, they are conveniently ignoring previous statements made by…
Split Personality Disorder at the Associated Press: Economic News is G
For those who missed it, the Federal Open Market Committee released minutes from its November 1 meeting on Tuesday, and the stock market rallied as a result. Yet, depending upon which Associated Press story you read, you were either elated or despondent. For instance, the AP’s Michael J. Martinez began his report: “Stocks extended their rally yesterday after the Fed's latest take on the economy…
