Understanding the press
Now I have a model for understanding the way the press works; I’ll try to watch the press over the next little while and see if the model holds up.
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Less than a year ago the MSM decided what the acceptable bound was in the financial discussions. Whether it be Ron Paul or Jeremy Siegel, anyone who said the housing market / dollar was going to crash was dismissed as a “bad news bear”, conspiracy nut, gold bug, etc. We had endless experts telling us we were in a new paradigm. Where are those gold bugs & “bad news bears” now? They were right. Why aren’t they on MSM with perhaps some more wisdom. Instead we get a parade of experts again telling us that “no one could have ever seen it coming.”
The accepted view has changed from one extreme to the other really quickly.
Tom
14 January 2009 at 0:48