IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Confidence Still Well Off Its Lows Even As Media Invoke Depression: "The latest IBD/TIPP Poll found that:
• Two-thirds (66%) of Americans think the media coverage of the current economy is sensationalistic.
• A majority (56%) believe coverage of the economy makes conditions sound worse than they really are.
• Half (50%) say the media do not present economic issues in a fair and objective way."
I share their dim view of media coverage of the economy. However, I am not as optimistic as IBD about the economic outlook. There are just so many unprecedented wild cards, at least from my experience. We live in a far flatter world than we had back in 1980, and we are dependent upon many, many foreign governments and central banks to deal with this situation effectively, or at least do no harm. The example of our own government is not reassuring.
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