Media Make Economic Storms Out of Silver Linings
Published: 5/14/2008 1:00 PM ET
Media Make Economic Storms Out of Silver Linings
The American news media declared the U.S. economy in free fall as it slowed in March of 2008. But much economic data hasnt supported that negative view. Recently journalists have wrung the negatives out of stronger-than-expected numbers for retail sales, consumer spending and economic growth, as well as lower-than-anticipated job losses. Despite some economists downgrading recession forecasts the media keep seeing the dark clouds.
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