"Hey, great news! Tank the economy! Gross domestic product fell by half in the last quarter. There is nothing better than that! "Exclaimed sarcastically Kai Ryssdal of American Public Media Market on 28 July. Everything was pink that day on Wall Street. Talk about irrational exuberance.This standard joke silly crew Market reminded me of another time in recent economic journalism. On 18 February Cavuto Fox News' in Business "had Democrats have declared war on America?" On the screen for a panel discussion.Combining these two bits of history has led me to wonder: " financial journalism has declared war on America? "Since I started monitoring the financial news last October, there are times when investors have puzzled me. Ryssdal line highlights one of them, and unfortunately, financial investors media has to act kooky.Investors and fear of business when the Fed raises interest rates on their loans to banks as this makes it more expensive for most people to borrow, and for a couple of years, the Fed has raised interest rates each quarter - until its meeting on August 8 when he decided to leave him alone. While investors wanted a break and got it still fret, as they take this as a sign that the Fed could resume rate hikes hiking in the near future. What they were looking for was "bad" news that the economy is slowing down or is in trouble for what the Fed might consider lowering interest rates to investors meeting.While responded more positively when the Fed held interest rates steady at its meeting on September 20, there is always the possibility that rates could resume their climb unless otherwise dictated by economic woes. Either way investors and entrepreneurs and the rest of the country suffers.This is why the economy tank is great news for investors, but not necessarily welcome news for the rest of us. Our standard of living is tied to GDP, which measures the environment that creates jobs and sets salaries. A fall in GDP is only good for part time investors, but not for the rest of journalism has magnified this oddity us.Financial investors, and this is manifested in ways beyond news dandy an instance of economy . For tank, CNBC fuel is known that a temporary spike in the price of a stock if the company is positive mentions in the air. Does not take much as Howard Kurtz recounted in his book The Tellers Fortunate since 2000. Sometimes all you need is a journalist willing to demonstrate a widget in the air, but the momentum quickly fades. Oh, the fun of care trading.Such day also inspired companies to do whatever they needed to boost profits so they can attract more capital from potential investors. While there are many ways to boost the legitimacy of corporate performance, corruption work as well. All you need to conjure such images are single words such as "Enron." Of course, a rhythm full of aggressive journalists can expose fraud, but where was the financial press when Enron and Arthur Andersen head honchos were cooking the books? How many innocent employees and their families were financially devastated by the collapse of energy giant? No wonder why the 2005 Jim Carrey and Tea Leoni remake of the 1977 film Fun with Dick and Jane about a family suffering after a desperate fiction Enron collapsed, leaving them without having anything go, resonates so well with contemporary America.Further as day traders became more common in the early 1990, its influence was stronger. They wanted corporate profits, and financial resources would be responsible. However, the approach so many minute details dramatized the cycle of economic rollercoaster everyone.This perpetual cycle has created a monster that seems to have declared war on America, as it glories in the news as a serious dip in GDP . It also encourages investors to act even quirkier. For example, financial markets were affected drastically when CNBC anchor Maria Bartiromo revealed a private conversation he had with the green of the Fed, Ben Bernanke. Investors could not believe I was actually talking about an understandable way, and once again the financial media created a story to itself.Perhaps no news is good news. The ubiquity of financial news that is derived from your model 24 hours of cable news for 26 years has shown that a constant flow of news can lead to bad news, especially if directed to investors.For example, such Once the companies that exercise responsible corporate citizenship if they were not driven by a media hungry to produce results for investors. Could treat the environment and their workers better. Large companies would languish in bankruptcy for years with the hope of returning to the vitality of slashing wages and the launch of the pension funds? Probably, but may be wonder.Is Lou Dobbs, the man who led the announcement of the current era of financial journalism, inadvertently helped to create the love stories of corporate America outsourcing and illegal immigration that gave the opportunity to write Exporters of America and the war in the middle class (coming in October 2006) and the papacy as a televangelist populist Lou Dobbs Tonight? If subcontracting and employment of illegal aliens - or "economic refugees", if you will - is good for the bottom line is good for investors to pay close attention to the financial press. So I wonder what Lou 1980, who likes to flatter the executive benefits hunger, think in 2006 Lou. What about vice versa? Either way, mostly to please investors and businessmen is not necessarily good for the rest of us general economy.Thinking back to Neil Cavuto, which leads us to ask whether we really need the upcoming Fox Business News when we already have CNBC and Bloomberg, along with a myriad of financial publications and websites. Why CNNfn another channel when they do not? Do not get me wrong, I think the whole financial journalism threat to everyone but investors. For example, is not the Jim Cramer Mad Money program on CNBC. Even if Cramer has declared war on America, at least it is entertaining.
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