Turns out that recent economic history shows that there's direct correlation between the number of articles promising a soft landing and a severe economic downturn. (lemmygrad.ml)

submitted 8 months ago* (last edited 8 months ago) by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml

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source https://www.bloomberg.com/news/newsletters/2023-10-02/global-economy-latest-bloomberg-economics-expects-a-recession

archived https://archive.ph/uVMEE

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[-] yogthos@lemmygrad.ml 41 points 8 months ago

I suspect the fact that the media keeps trying to pretend that a recession isn't happening is driving a lot of public anger right now. People can see that their pay doesn't go as far as it used to, but the media is like whom are you gonna believe me or your lying eyes.

[-] ComradePupIvy@lemmygrad.ml 23 points 8 months ago

I genuinely cannot tell if this is genius on the side of the media, or Hubris on the side of the media?

[-] FuckyWucky@hexbear.net 30 points 8 months ago* (last edited 8 months ago)

they don't want to scare the markets. if they all say the economy is doing bad, the markets will react negatively which is bad for stonks.

it doesnt even have to be a human reading it and going 'shit i should sell'. there are bots which scrape business news sites and do sentiment analysis to check if a news is positive or negative.

this post was submitted on 14 Feb 2024

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