I couldn’t resist posting this from Mish Shedlock. The general fluff that passes for news in our mainstream media is frequently laughable for what they regularly leave out. Very little actual news from around the world gets reported except for what “they” want reported, and their blatant attempts to control the financial and political news and sway public opinion is truly laughable with all the silliness and contradictions published daily. It’s just a shame it’s such a serious situation for so many millions of people who have so much invested in what they read and hear but STILL don’t seem to have a clue how much they are being manipulated. The only way to really know what is happening is to troll the internet and wade thru the garbage to find the reasonably reliable stuff. –Dennis
For example, here are three consecutive headlines on Bloomberg in the span of 13 minutes that will show the silliness of it all.
- At 8:40 Bloomberg reported Japanese Stocks Advance on Optimism for Euro Growth.
- At 8:53 Bloomberg reported Japan Stocks Swing From Gains to Losses on Euro Growth Plan
- At 8:53 Bloomberg reported Asia Stocks Decline as Investors Await European Meeting
At a bare minimum someone is too glued to the screen.
Last Sunday, I admit I was glued to the screen following the Greek election (as was nearly every blogger). However, this moment-to-moment silliness is an every minute affair for Bloomberg.
Is it really necessary to update everyone the moment stocks in Japan, the US, Europe, and everywhere else switch from gains to losses?
Apparently they think it is, or they wouldn’t do it.