Stock Market

Last week's economic report couldn't have been much rosier. The economy grew at a faster-than-expected rate, faster than any time in over a year. But far from sparking runaway prices, inflation actually moderated. But that didn't stop the Axis of Gloom, AKA the New York Times and its Beantown subsidiary the Boston Globe from publishing op-ed items this morning finding the cloud on the silver…

The ABC, CBS and NBC evening newscasts on Friday all devoted full stories to the fall in the stock market, touted as “the worst two-day point drop for the Dow in five years,” but barely had time for a sentence about the 3.4 percent second quarter jump in the GDP, the biggest in over a year. In fact, neither ABC nor NBC cited the specific 3.4 percent rise in the Gross Domestic Product, the measure…

In 1992, Bill Clinton successfully used a campaign strategy of continually focusing attention on the supposedly poor economy thinking that Americans typically vote with their wallets. Of course, most intelligent people know that the recession actually ended in early 1991, and that this strategy would have failed miserably had the media not been complicit, and, instead, honestly reported…

As NewsBusters has been reporting this week (see this and this), as the stock market hit new all-time highs, the media have been dour Nervous Nellies carping and whining about gas prices, the low value of the dollar, the housing slump, and the rising trade deficit. Yet, there are a variety of issues that press outlets have conveniently ignored during this record bull run that not only explain…

Repeating the downbeat spin employed when the Dow Jones Industrials passed 13,000 in late April and ABC's reporter warned “we're actually overdue for a correction,” less than three months later when the Dow closed over 14,000, ABC's World News put the news into a “yes, but” framework. Fill-anchor Elizabeth Vargas on Thursday night led with the record high close, but fretted that “there's a good…

A new poll released Wednesday gave extraordinary evidence as to how continued negative reports from a bearish media have impacted the public’s view of the economy. As reported by Reuters (emphasis added): Two-thirds of those surveyed, 66 percent, said the direction of economic policy was fair or poor. Yet, these same folks are very optimistic about their own economic condition:

On today's "Your World with Neil Cavuto," the host devoted a portion of his mailbag segment to viewers from across the fruited plain telling Cavuto of their local media outlets had ignored or downplayed yesterday's stock market closing. Cavuto noted that in contrast, a large market correction in February was blared on the front pages of the nation's largest broadsheets. Video (2:26): Real (1.77…

A new stock market high is good news, right?“In stock market terms alone, this is now the longest consecutive uninterrupted stock market rally,” said Lawrence Kudlow on MSNBC’s “Morning Joe” on July 13.“It started in early 2003, so that’s four and a half years. And it’s incredible how much wealth is being created out there and it’s unfortunate, really – almost tragic – that the president just…