Nine States Face Economic Contraction, Most Since 2009 Crisis

Re:Nine States Face Economic Contraction, Most Since 2009 Cr... by adventured on Monday January 06, 2020 @08:35AM (#21968973)

CNBC - which is not even a great financial & business news media outlet - does a dramatically better job of balancing their bullish versus bearish articles. Bloomberg, the media platform, went noticeably bearish after Michael Bloomberg publicly came out against Trump a few years ago. I've been reading Bloomberg daily for a very long time, it wasn't a subtle turn, it was dramatic and immediate - which perfectly fits with what we've seen since then from Michael Bloomberg's direction to his firm re what they're allowed to do and say. They're following his marching orders.

The only positive thing I can say about that sort of bias and propaganda, is at least it's formally out in the open.

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Re:Nine States Face Economic Contraction, Most Since 2009 Cr... by JumpCrisscross on Monday January 06, 2020 @09:11AM (#21969210)

> it wasn't a subtle turn, it was dramatic and immediate

I've been reading Bloomberg news since it was on my terminal. I never noticed this.

There has always a steady chatter of red flags and growth sectors. That's its job. During the recession, it was about the recession. After the recession, it was about threats to "green shoots." At each business-cycle record, it was about what could tank the economy next.

(I've actually thought that Bloomberg's coverage has been bullish over the past year. While the FT was calling out a looming recession, Bloomberg focussed on American equities outperforming.)

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Re:Nine States Face Economic Contraction, Most Since 2009 Cr... by metalliqaz on Monday January 06, 2020 @10:03AM (#21969608)

There is no reason to value a "balance of bullish versus bearish articles." If the prevailing sentiment is one or the other, then those would be viewpoints most represented.

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Re:Nine States Face Economic Contraction, Most Since 2009 Cr... by ksec on Monday January 06, 2020 @05:46PM (#21974345)

I am wondering has this always been the case of CNBC? Or the balance view is something recent?

I have only been reading / watching CNBC financial for the past few years and I was surprised at their balanced view. Since CNBC is constantly bashed ( may be based on politics or whatever reason Obama used to joke about ) I completely dismissed them for a very long time.

Somewhere along the line Bloomberg turns into more like a Buzzfeed like platform for Financial news.

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