Stock Market

Wednesday morning at 12:42 a.m., as it was becoming clear that Republican presidential nominee Donald Trump was on the verge of officially defeating Democrat Hillary Clinton for the presidency, Paul Krugman at the New York Times noted at the paper's election night live blog that the "markets are plunging." He then wrote: "If the question is when markets will recover, a first-pass answer is never…

The liberal media were in mourning on Election Night when it became clear Donald Trump would be the next president of the United States. Panic was palpable and journalists, particularly on NBC networks, blamed a significant drop in Dow futures on Trump’s victory. CBS said the drop in futures felt like “Brexit,” while Rachel Maddow claimed Trump would wear the market drop as a “badge of honor.”…

Minutes after President-Elect Donald Trump concluded his victory speech that ended on Wednesday around 3:00 a.m. Eastern, the cast of characters immediately demanded that Trump seek to “rectify” the tumbling stock market that could lead to an “economic collapse” similar to what Barack Obama inherited when he was inaugurated in 2009. 

On Thursday, Federal Reserve Chairman Janet Yellen suggested in a videoconference call, as translated into plain English by the Wall Street Journal, that "there could be benefits to allowing the central bank to buy stocks as a way to boost the economy in a downturn."

When it came to covering issues voters cared about, the networks didn’t catch ‘em all, especially the most important one.  According to the Pew Research Center, voters ranked the economy as their highest priority in July. But the media had different priorities in its coverage. It spent twice as much time reporting on Pokemon Go, a mobile game in which players caught cartoon monsters, than it did…

The media exuded panic surrounding the vote for the U.K. to leave the European Union, commonly called Brexit. Reports after the vote panicked over how much markets had fallen, worried about a potential recession for the UK and otherwise attacked the outcome. 

The establishment press must not think that anyone should care about the millions of dollars Bill Clinton and his wife Hillary have "earned" making speeches, particularly to powerful banks and Wall Street firms, since he left the presidency in 2001 and after her time as Secretary of State ended in 2013. That's the only explanation as to why Mrs. Clinton could promise, as she did on Tuesday, that…

During an interview with the stars of the Hollywood’s latest anti-capitalist screed, Money Monster, on Friday’s NBC Today, correspondent Keir Simmons summed up the plot of the film: “In the movie, [George] Clooney is forced to wear an explosive vest by British rising star Jack O'Connell. Who lost his dead mother's money on stocks.” Simmons noted: “This guy is a terrorist, who you end up feeling…

It hurts to discover your political hero is just another sell-out hack. And so it was for Mika Brzezinski today, confronted with the reality that her idol, Elizabeth Warren, whom she was promoting for president as early as 2013, has apparently sold out in return for a spot in a a prospective Hillary Clinton administration. Today's Morning Joe rolled a clip of Fauxcahontas repeatedly dodging…

The government's Bureau of Labor Statistics reported today that consumer prices fell 0.2 percent in February. Lower prices should be good news, right? Wrong, at least according to Martin Crutsinger at the Associated Press. Crutsinger's Wednesday dispatch also managed to ignore the fact that even the supposedly low inflation seen during the past 12 months has eaten up most of workers' very…

Well, well, the stock market has, of a sudden, caught up with the Obama economy. The spectacle is not pretty. 

A strong indicator that the plot of your show might be a tad underwhelming is when you feel compelled to make your opening scene an orgy of sadomasochistic torture. I won’t describe it. Just watch, if you dare.

During the middle years of last decade, the business press, including the Associated Press, worked the word "recession" into its reports on the economy quite regularly. Yesterday, despite a current economy facing far worse fundamentals than were seen during 2007, the AP's Paul Wiseman and Bernard Condon gave us a nearly 882-word treatise on "WHY GLOBAL WOES AND SINKING STOCKS DON'T MEAN US…

The Associated Press's coverage of Friday's deep U.S. stock market dive in two Friday afternoon reports engaged in the reality avoidance longtime readers here have come to expect. An item by Stan Choe ("Get used to it: Big drops for stocks are back again") spent most of its verbiage on "volatility," and only cited "China's sharp economic slowdown ... Tensions in the Middle East ... the plunge in…