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.)
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.)