Markjbloggs
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Anyone else notice that RTE's recent reporting of the stock market turmoil has been way over the top. Any cursory glance at the various major indices shows little volatility at the moment, except with the ISEQ which is taking it in the neck due to its haevy weighting of bank stocks. True, the financial sector in the US has been hit due to the subprime loan mess, but it effects on the Dow and the S&P500 have been offset by strong performance in other sectors - hardly the doomsday scenario RTE have been presenting to us in the name of news. China, Japan, the UK and Germany all have been fairly quiet recently - indeed, after their rant last night as to how bad things were, the RTE news showed market data for the UK (down 15 points, less than a quater of a percent) and the US (Dow and Nasdaq up almost half a percent)!!!
They are becoming more and more tabloid in their analysis of events and rarely present any in-depth examination of their chosen topics. Sensationalism and scare-mongering are the order of the day.
I hardly ever agree with our politicos when they whinge about the bad press their policies get, but in this case I think they are spot-on when they say that media are talking us into a recession.
They are becoming more and more tabloid in their analysis of events and rarely present any in-depth examination of their chosen topics. Sensationalism and scare-mongering are the order of the day.
I hardly ever agree with our politicos when they whinge about the bad press their policies get, but in this case I think they are spot-on when they say that media are talking us into a recession.