Posted on 05/22/2008 6:51:20 AM PDT by Saint X
If there were any doubt the media is trying to milk bad economic news for all that it's worth, look no further than BusinessWeek magazine.
BusinessWeek kicked off its "Recession in America" blog on May 2. It is dedicated solely to reporting on the "recession [that] is here (or will be soon)," as the headline of a May 19 post stated (h/t BMI advisor Chris Roush of Talkingbiznews.com).
"As the U.S. economy slows, the story is often told through broad statistics," the "about" section of the blog stated. "In this blog, BusinessWeek reporter Tim Catts travels the country to uncover the stories of how individuals are coping with the downturn."
(Excerpt) Read more at newsbusters.org ...
“business week launches ‘recession in america’ blog.”
the socialist vultures are circling. they’re gleefully anticipating death by oil starvation.
Not incredible. Entirely predictable.
I still anticipate a major depression, over much of the next eight years, with deflation earlier in that time frame, and high inflation in the latter part. But in the short term, after the down draft in the stock market that started yesterday bottoms out in a few weeks, I am predicting a stock market rebound for at least several months.
Currently, I'm short the market (short a NASDAQ index, as of Tuesday) and long Uranium mining stocks (as of last week.) I expect to shift to being long in "big corporation" (S&P 500 or some such index fund) sometime in June. I expect to remain long in Uranium for a decade. The recent talk of high oil prices has been very kind to my Uranium positions.
Even if McCain stays robust and healthy until he's 101 years old, I expect he will be a one term President. The economy over the next four years will be a killer for Presidential reelection hopes.
And I now hope that Hillary gets the Democrat nod this time around. McCain beats either Obama or Hillary, but if it's Obama he beats, then Hillary is the front runner for President in 2012. The McCain to Hillary transition could end up resembling the Hoover to FDR transition. If we eliminate Hillary in a major defeat this time around, then Obama is too weak to still be a force in four years, and perhaps (I know, wishful thinking) the Democrats can find someone to run in 2012 who doesn't make me barf.
Besides, Hillary would have longer negative coat tails this time around, with her long standing, monstrous negatives.
Oh fer cryin’ out loud. It’s one thing to watch higher oil prices work their way through the economy, but this is over the top.
In one sense, we whould be happy the gloom & doomers have found a home . . . whether it’ll stop them from sourcing their data out of DNC press releases is another question.
Most Lib journalist could not find their backside with both hands!
(IMO) That Mag is a total lib rant rag.
Business Week is owned by McGraw-Hill
http://money.cnn.com/news/newsfeeds/articles/apwire/335ed9b1f11ab74be3c13819b3484700.htm
McGraw-Hill will cut 395 jobs, take $15M charge
That was my thought too, but I seem to remember that this was back when we all listened to Peter Jennings too; there just wasn't any other alternative.
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