The Media Needs A Back To The Future Reality Check
Lets compare the Great Depression to the present
Unemployment
- 25% were unemployed in the United States 60 yrs ago
- Only 4-6% is the current unemployment rate
Banks in serious trouble
- 1 in 3 Banks were in serious trouble in the great depression
- Only 1-2% of Banks are in serious trouble throughout the US
Stock Value
- Over 60yrs ago The Stock Value lost 90% of its value
- Just recently the The Stock Value lost only 40% of its value (But is almost back to normal now)
Hellooooo Mcflyyy, Wake Up Media, You need a Reality Check!
- We are not in another Great Depression. Rescission, slow market maybe but not a Great Depression!
- Stop telling the Nation, Banks are not lending loans now. That is insane. Guidelines may have tightened but people are still borrowing money and Banks are still lending them.
- People are still buying and selling houses, I can't believe the media are saying that people are not buying houses now, serious Reality Check is in order.
- Bad News and Hurtful news maybe more popular but come on. The truth is here, the market is always finding a way to correct itself and Real Estate will last forever.
In conclusion, Don't believe the hype. What do you think?
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The problem is that people expect media to perform in a certain way. Sensationalism sells. If it bleeds it leads sells. Sell Sell Sell! Unfortunately it is all in their business model or however you want to say it. It goes contrary to the code of ethics for journalism but it also sells more copies, gets more viewers etc. Shock and Awe right?
Until more people become educated it will continue to work. When it stops working they will do something else. I dont know what else to think about it.