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Nine States Face Economic Contraction, Most Since 2009 Crisis

bloomberg.com

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

#41

Post by adger »

troydavis wrote: post #32
wozniacki wrote: post #10

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…

Edit: As far as I can tell, my comment below was totally incorrect. Parent comment may well be unchanged. I dug up the web archive to confirm because there was uncertainty, and as far as I can tell, it's unchanged. I have a version on my phone that renders a different comment, but since, I can't repro it or verify it now, I need to retract what I wrote below. My original comment: OP has edited the comment above witho…

No. This is not true. The comment is exactly the same.

Why are you doing this?

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

#43

Post by JumpCrisscross »

adventured wrote: post #31
JumpCrisscross wrote: post #5

Earlier quoted context omitted.

> Bloomberg sure is working hard to talk down the economy It’s a finance publication. Its bread is buttered by people paranoid about missing the next big thing, whether that be an unexpected winner or unexpected pullback.

CNBC - which is not even a great financial & business news media outlet - does a dramatically better job of balancing their bullish versus bearish articles. Bloomberg, the media platform, went noticeably bearish after Michael Bloomberg publicly came out against Trump a few years ago. I've been reading Bloomberg daily for a very long time, it wasn't a subtle turn, it was dramatic and immediate - which perfectly fits w…

> 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.)

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

#44

Post by troydavis »

wozniacki wrote: post #39
troydavis wrote: post #33

Earlier quoted context omitted.

(Update: I'm no longer sure whether this is correct. More on this, for the three other people who care: https://news.ycombinator.com/item?id=21969051 ) No, OP subsequently edited the comment without saying so. This whole reply thread is now useless.

I'm sorry to say but you seem to be a petulant person or someone with an axe to grind, here. I haven't seen anyone try to vociferously beat down a fully citation-ed comment with legitimate sources as if it were salvaged from some hearsay somewhere. Some would mistake you for someone who works for the aforementioned billionaire's campaign, the way you seem to want to launder his image, here.

There's no point to continuing this here, but I'd like to restore your faith that there's someone online who doesn't have an axe to grind :-) I don't, nor do I have a strong opinion about the next president (well, other than that I'd like it to not be Trump).

If you're up for email, I just added an obfuscated version of my email address to my profile. Say hi and maybe we can get back to a good place.

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

#45

Post by larrydag »

Dirlewanger wrote: post #35
rjtavares wrote: post #7

Earlier quoted context omitted.

Honestly, I assume all media outlets have ulterior motives behind each article (ranging from the simple "catering to their specific audience with facts supporting their view" to more nefarious "willfully manipulating the people with falsehoods").

A good start would be to ban wholesale both Bloomberg and Washington Post articles from HN. Nothing from those publications should be trusted.

I believe this is the Fed Philadelphia source

https://www.philadelphiafed.org/-/media/research-and-data/re...

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

#46

Post by TazeTSchnitzel »

rjtavares wrote: post #7
barrygwn wrote: 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

Honestly, I assume all media outlets have ulterior motives behind each article (ranging from the simple "catering to their specific audience with facts supporting their view" to more nefarious "willfully manipulating the people with falsehoods").

Outlets also don't need ulterior motives to produce biased output. If most of your staff hold a conservative outlook, they'll naturally be more skeptical of non-conservative viewpoints in their reporting etc.

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

#47

Post by Angostura »

barrygwn wrote: 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

It's clearly an issue that the news service is grappling with, though you can argue how successfully. Bloomberg has a long-stamding policy of not covering Bloomberg. But how do you make that work when he is a candidate? Their solution: https://www.theguardian.com/media/2019/nov/25/michael-bloomb...

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

#48

Post by adger »

rjtavares wrote: post #38
Dirlewanger wrote: post #35

Earlier quoted context omitted.

A good start would be to ban wholesale both Bloomberg and Washington Post articles from HN. Nothing from those publications should be trusted.

I can think of better places to start, but that's not the point, is it? The point is that you should be aware of individual biases, and should diversify your media consumption.

Apperantly not. According to this thread and hacker news in general you shouldn't diversify your media consumption. Unless what is meant by that is different sources with broadly the same agenda.

Personally, I find this boring. Perhaps you agree.

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

#49

Post by Symmetry »

rjtavares wrote: post #7
barrygwn wrote: 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

Honestly, I assume all media outlets have ulterior motives behind each article (ranging from the simple "catering to their specific audience with facts supporting their view" to more nefarious "willfully manipulating the people with falsehoods").

Sure, but mostly I assume that the alterior motives are things like "Make the reader excited to read more here (and make us more money)" or "Don't make the reader feel confused (and possibly go away and stop making us money)." It's unusual that you have situations where a news purveyor has forces acting stronger than the idealism of its employees or the necessities of the markets.

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

#50

Post by runnerup »

Symmetry wrote: post #49
rjtavares wrote: post #7

Earlier quoted context omitted.

Honestly, I assume all media outlets have ulterior motives behind each article (ranging from the simple "catering to their specific audience with facts supporting their view" to more nefarious "willfully manipulating the people with falsehoods").

Sure, but mostly I assume that the alterior motives are things like "Make the reader excited to read more here (and make us more money)" or "Don't make the reader feel confused (and possibly go away and stop making us money)." It's unusual that you have situations where a news purveyor has forces acting stronger than the idealism of its employees or the necessities of the markets.

s/alterior/ulterior
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