by Mike Mulvihill Okay, the markets are in the tank since last Friday in part because of a bad jobs report, but also because of economic woes in Greece and Spain. As reported in the Wall Street Journal, “People are more nervous this week than most,” according to Rick Fier, director of equity trading at [...]
Tag Archives: Wall Street
Mad as Hell
April 20, 2010 – 12:24 am
by Mike Mulvihill In preparing this post, my research found hundreds of blog posts regarding last Friday’s SEC suit against Goldman Sachs (i.e., deceitful, if not illegal, activities in the mortgage securities market debacle that brought on the recession we appear to be just exiting). And now today’s news, which has generated over 1,000 posts – [...]
Media Responsibility in a Time of Crisis
October 13, 2008 – 1:13 am
The media’s sensational coverage of the current financial crisis has exacerbated the situation, creating widespread public fear. As mentioned on Friday’s post about the recession’s impact on our sector, no better story typifies this than CNN’s outlandish interpretation of a poll as depicted in this story, “Poll: 60% say depression ‘likely.’” Capitalizing even further, CNN [...]
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