MEDIA ALERT: Business & Media Institute: CNN Warns of a Recession
Your Business Blogger has an article up at the Business & Media Institute.
CNN Warns of a Recession, Ignores Stock Market Gains
‘Your $$$$$’ ignored guest to promote a downbeat view of the economy.
CNN‘s “Your Money” takes a gloomy view of the economy even when its own guests say otherwise. Rather than listen to an economist, the hosts decided they knew better.
”People [are] whispering about the risk of a recession,” explained host Christine Romans on the September 15 show. She claimed “The stock market still hasn’t found its footing.” Not a well-researched comment, considering this is a financial program.
The Dow has gone up from 7,500 in 2003 to 13,403 and has climbed almost 1,000 points or 7.5 percent just in 2007. Employment has dropped to a low 4.6 percent, and the economy has been growing at an average of 2.7 percent per year with almost six years of uninterrupted growth.
Read the entire article and let us know what you think.