All Posts Tagged Mainstream Media   

Post-Thanksgiving things to be thankful for

November 28th, 2008

A list not worth saving

  • I’m thankful one of my guests yesterday was an attorney.  He’s already threatened to sue me over my cooking and I need a good lawsuit to keep my mind off work this holiday season.
  • US investors should be thankful for the SEC. They’re keeping their priorities straight.
  • The fishing industry should be thankful that nobody weighed this roosterfish.  They’re gonna save a lot of endorsement money as a result.
  • Retailers should be thankful gas prices are plummeting.  Consumer confidence is on the rise, just in time for the holidays.
  • Social network addicts should be thankful they have so many online friends, and that getting rid of them is such a good laugh for the rest of us.

    • And…

  • Those that have written off the mainstream media and its associated lackeys as toddlers in constant need of a new binky should be thankful that there are still some real grownups around.

    • Adieu.

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    Crude oil off 67%

    November 21st, 2008

    The Jan ‘09 contract hit a high of $148.35 on July 11th. Just quoted at $48.60, it’s making new lows everyday.


    Love thy Barchart

    Over the summer the media was SCREAMING about high gas prices, and auto dealers were flooded with oversized trade-ins at rock bottom prices. Oil executives were marched into Congress at gunpoint to explain.

    Call it an oil bubble, or the Yaris-Mini-Smart-Rio-Fit-Elantra-Aveo-Versa-SX4-Astra bubble. Either way, the media is now decidedly mum.

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    « Media Gets Pending Home Sales Wrong (Again!)

    August 7th, 2008

    Barry Ritholtz:

    The Pending Home Sales Index is down 12.3%. According the the NAR’s statement about the PHSI, that is a negative for the next two months. While their press release emphasizes the 5.3% monthly gain in June, we have demonstrated in the past why that amount to little more than the usual seasonality, as families who are moving try to get into the new homes before the new school year starts.

    Most people only read the headlines. If you point out the error, you’re labeled a “Negative Nellie” - but it’s the perfect sign that you are facing someone who lacks even a modicum of intelligence - the attacker is refusing to process any logic because they have reached the crescendo of denial.

    While these NAR jokers having been calling bottoms in perpetuity, real estate brokers are likely so distressed about the situation that even they aren’t going to get pissed off about it anymore.

    UPDATE: Follow up by Ritholtz…the media was either completely duped, or they’re all about to get foreclosed on so they’re collaborating with the NAR to dupe someone else.

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    Traditional media’s security stories could use some forethought

    April 16th, 2005

    Spam, phishing and other internet security issues are increasingly being pounded by the mainstream press. Unfortunately for the press, these issues have been around for some time, meaning there are people outside their tight little circle who actually should be doing the talking (Spamroll excluded of course, and there is nothing remotely worth reading over here).

    Nonetheless, I think the press should start thinking a bit more before they blab….
    Read more »

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