Many of our viewers think we in the media are obsessed with recession. While it's true that I have done a number of stories looking at the subject, my interest is merely a reflection of Wall Street and corporate America.
Recessionary conditions have broad implications for financial markets and for business planning. But, many viewers seem concerned that the more we "cover" the recession question the more likely it is to go from question to reality.
Will consumers pull back on their spending because some econo-brain tells them we are in recession? Or, will they stop shopping because their economic world is really changing.
Tell me what you think?
Comments
Your critical viewers that accuse NBR and other media sources of creating recessions should go consult their witchdoctors for they are just plain and irrationally superstitious.
Sometimes economic times are really that bad; and those times still present opportunity for those businesspeople who use their grey matter instead of worrying about the business press..
I don't know if it is something in the water, or in the New York Times, but the mainstream media is fixated on all this "recession" talk. Regarding NBR, it seems to me that your NY staff have been promoting the "recession" for the last 12 months.
To answer your question, will some consumers pull back on their spending when all they hear is doom and gloom ......... YES. Is consumer confidence
an important element of the health of the economy...... YES.
I have a question. Why is your New York anchor Susie Gharib sad to report that the so called recession has not yet come to pass? (5/29/08)
On the other hand, is it not amazing that our economy is doing as well as it is given the mammoth run up of energy prices and fall in home
values in SOME parts of the country?
And when the "recession" does come, as it always does, we as a nation will survive. It won't last forever.
All we ask of NBR is TELL THE WHOLE truth.