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Nine States Face Economic Contraction, Most Since 2009 Crisis

bloomberg.com

11–20 of 108 posts

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#11
post #9

Bloomberg sure is working hard to talk down the economy. Throughout 2019 they were talking about recession. https://duckduckgo.com/?q=bloomberg+recession+2019&t=ffab&at...

But the numbers are produced by the Federal Reserve Bank of Philadelphia, according to the article.

A lot of economic forecasts are produced each day. Bloomberg chose to highlight these.

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#12

Bloomberg sure is working hard to talk down the economy. Throughout 2019 they were talking about recession. https://duckduckgo.com/?q=bloomberg+recession+2019&t=ffab&at...

He's been doing this since atleast 2016. I wouldn't rule out he having sights on a presidential run since atleast then. He did form an exploratory committee once before and abandoned the run when it showed he didnt have enough support.[1] [2] Stocks keep climbing and climbing, but Michael Bloomberg isn't sure why. "I cannot for the life of me understand why the market keeps going up," the former New York City mayor s…

Why is this being downvoted?

It is a interesting contribution and gives valuable insight into the article that has been posted.

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#13

Earlier quoted context omitted.

He's been doing this since atleast 2016. I wouldn't rule out he having sights on a presidential run since atleast then. He did form an exploratory committee once before and abandoned the run when it showed he didnt have enough support.[1] [2] Stocks keep climbing and climbing, but Michael Bloomberg isn't sure why. "I cannot for the life of me understand why the market keeps going up," the former New York City mayor s…

Why is this being downvoted? It is a interesting contribution and gives valuable insight into the article that has been posted.

> Why is this being downvoted?

So was the other comment by the same user. They're being downvoted because they're critical of a Democratic presidential candidate.

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#14
post #6

Now that Michael Bloomberg is running for president, I can't help but question if there is an ulterior motive behind each article at Bloomberg.com

Billionaire presidential candidate Mike Bloomberg is refusing to buckle under pressure and change the rules of engagement for his news outlet's political reporters—who are forbidden from investigating him or any other Democratic White House hopeful. Bloomberg News journalists will 'just have to learn to live with some things,' he told CBS News in an interview that aired Friday morning. 'They get a paycheck,' the form…

Well, that can’t possibly have any chilling effects.

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#15
If this is true/accurate, and for the reasons others note, we’re right to be skeptical, what makes it BS in my mind is the effort to suggest that it’s indicative of a systemic issue.

It may well be that is the precursor to a nationwide contract. But looking at the list of states, this also looks like a simple continuation of the ongoing shifting in populations to larger, urban economic cores. The only one that surprised me a little is PA, but that’s because I’m in Ohio, and I forget that the East part of PA has a lot of big economic centers luring people and industry away.

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#16
post #13

Earlier quoted context omitted.

Why is this being downvoted? It is a interesting contribution and gives valuable insight into the article that has been posted.

> Why is this being downvoted? So was the other comment by the same user. They're being downvoted because they're critical of a Democratic presidential candidate.

At least in my case, I downvoted it because it cited Daily Mail as a reliable source. https://en.wikipedia.org/wiki/Daily_Mail and https://mediabiasfactcheck.com/daily-mail/ have more, but basically, it’s a tabloid. Their assessment of the decision is incomplete, probably because reporting is not how they differentiate.

Here’s a few other entities' explanations of Bloomberg’s decision: https://www.npr.org/2019/11/25/782732936/bloomberg-news-says..., https://thehill.com/opinion/campaign/473542-bloomberg-report..., https://www.cjr.org/the_media_today/michael_bloomberg_news_p...

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#17
post #6

Now that Michael Bloomberg is running for president, I can't help but question if there is an ulterior motive behind each article at Bloomberg.com

Billionaire presidential candidate Mike Bloomberg is refusing to buckle under pressure and change the rules of engagement for his news outlet's political reporters—who are forbidden from investigating him or any other Democratic White House hopeful. Bloomberg News journalists will 'just have to learn to live with some things,' he told CBS News in an interview that aired Friday morning. 'They get a paycheck,' the form…

Here are other, much more nuanced analyses of this decision:

* Factual summary: https://www.npr.org/2019/11/25/782732936/bloomberg-news-says...

* Opinionated: https://thehill.com/opinion/campaign/473542-bloomberg-report..., https://www.cjr.org/the_media_today/michael_bloomberg_news_p...

(Daily Mail is widely considered a poor source, and while they do report some actual news, their analysis of anything is not worth citing. https://mediabiasfactcheck.com/daily-mail/)

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#18

Earlier quoted context omitted.

He's been doing this since atleast 2016. I wouldn't rule out he having sights on a presidential run since atleast then. He did form an exploratory committee once before and abandoned the run when it showed he didnt have enough support.[1] [2] Stocks keep climbing and climbing, but Michael Bloomberg isn't sure why. "I cannot for the life of me understand why the market keeps going up," the former New York City mayor s…

Why is this being downvoted? It is a interesting contribution and gives valuable insight into the article that has been posted.

HN tends to take a dim view of political discussions in my experience.

There have been a number of indicators of a slowing economy for quite some time now. There was at least one run towards bonds in recent months. The Fed has been famously weighing its rate decisions sighting troubling economic outlooks. The yield curve inverted. GDP figures are trending downward. This is all just off the top of my head.

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#19
post #9

Earlier quoted context omitted.

But the numbers are produced by the Federal Reserve Bank of Philadelphia, according to the article.

A lot of economic forecasts are produced each day. Bloomberg chose to highlight these.

Choose to highlight? This article isn't even in the homepage. In fact I couldn't even see it in the Economics section. Are you sure it isn't your confirmation bias?

Bloomberg cover everything about market and economy. They churn out news round the clock.

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#20

If this is true/accurate, and for the reasons others note, we’re right to be skeptical, what makes it BS in my mind is the effort to suggest that it’s indicative of a systemic issue. It may well be that is the precursor to a nationwide contract. But looking at the list of states, this also looks like a simple continuation of the ongoing shifting in populations to larger, urban economic cores. The only one that surpri…

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