Financially Ignorant Media.
This started as a rant tailing off from my last post, but it’s a clear enough thought in my mind to deserve one of it’s own – the thing that never fails to amaze me in all of this is the delay & fud inherent in financial news as it transports, or mutates rather, itself from the cosy little financial old boy network to the mainstream media. I call it an old boy network because that’s the only simile that seems appropriate for such misappropriation of information. And yet both sources of critique exist side-by-side in the public domain:
How do you split the camps? Easy – anyone who feels the need to include a description of what short selling is in their article is in the latter.