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Do you think if the media stopped going on so much about the recession/ credit crunch?

Posted by: anonym | March 18th, 2010 |
  • Do you think if the media stopped going on so much about the recession/ credit crunch, it wouldn't matter as much?
    After all "What someone doesn't know can't hurt them" LOL, so if they didn't keep keep reminding us we would still be where we were a few years ago.
    I will admit i know nothing about economics but to me going on about it just makes it worse.

    Any thoughts?


  • I'm single and living alone with a mortgage, and even before this credit crunch I wasn't spending (only on bills), and this credit crunch hasn't affected me.


  • Yes i truly agree i think that they have gone way over board and most people haven't really felt it for themselves they just think they have because they are being told that they are in a tougher financial position


  • WHAT CREDIT CRUNCH


  • Yes, the media is making it much worse. But another thing that people are doing to make the recession worse is by monitoring their investments minute by minute. I mean, watching your investments is the smart thing to do, however trading as soon as an investment falls a couple points really does damage to the market. plus can end up losing the investor quite a bit.

    Case:
    My investment in a very small pharmaceutical company. My initial Investment was 300 shares at $0.41 a share. A week later, my investment dipped down to $0.29... and stayed that low for a couple weeks. However, i waited it now and my initial investment has doubled. People just need to have some faith and ride it out instead of crazily trading on the market.


  • Yeah i agree with what your saying. But Now-a-days people get so grouchy when the media is holding something back. And now they DO want the media to hold back about the credit crunch. It's a lose-lose situation.


  • I agree that the media can make it a lot worse if people start to keep their money in their pockets.and fear losing job, house.due to what the media print or say , but i suppose they report it how it is and what is happening in the world .


  • I think the media has a massive influence over people and I think it could possibly make a difference.

    Im sick of hearing about it on the news and it does make me think, especially when i'm Christmas shopping.

    However, a recession was inevitable and if you look at the history of world economics, a recession generally happens every 10 years or so, we have done well have continual growth for so long.

    Also, i think people would notice if their mortgages etc. went through the roof. It would also be impossible for the media to ignore such an important issue. =)


  • The media is making the situation a lot worse, for sure.

    By over-hyping the situation they are destroying consumer confidence, making people tighten their belts exactly at the time when the economy needs for them to be loosened!!

    The stupidest thing is that many in the media and specifically in the press are eventually going to put their own jobs on the line, as companies will pull out their advertising and so they'll lose a major source of funding. Many argue that the reason why this recession is so much worse than those we have had in the 20th century is in fact because the press is so much more powerful today, and I'm inclined to agree!


  • Just as the media promoted house prices such that they always went up every year. On the way down the accentuate the down side. But don't imagine for a second that the credit crunch was induced by the media. Recessions always happen as do booms.







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