Posts Tagged ‘TPP’

Notes From Underground: Putting Perspective To Our Narrative

January 24, 2017

Let’s be clear about the unfolding political and economic landscape: It is the desire of the Trumpians and the anti-Trumps to control the political dialogue. The media is putting President trump and his appointees under a microscope, which is what the press should always be doing. (My apolitical belief for the fourth estate is that a free press should be responsible in pursuit of the “facts,” but if they have a bias it should be “to afflict the comforted and comfort the afflicted.”) In my opinion, during the past 20 years the U.S. press has devolved into a sycophantic mob as everything becomes about access to those with the greatest celebrity status, which usually means wealthy. The financial media especially bows to the rich because if you are a billionaire your views go unchallenged for fear of being shunned as it  undermines the concept of, “if you’re rich, they think you really know.”

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Notes From Underground: All the Rumors Fit to Print in an Algorithmic World

June 8, 2015

Woke Up Got Out Of Bed, Dragged A Mouse Across My Desk … I read the News Today Oh Boy …

French Official:Obama Said Strong Dollar Is Problem
U.S. Official:Obama Didn’t Say Strong Dollar Was A Problem
White House Denies Obama Said Strong Dollar A Problem
These are the type of fabricated headlines that are meant to create volatility in a world in which algo headline readers react to key words: OBAMA, STRONG DOLLAR, PROBLEM. Did President Obama actually make a passing comment about the U.S. dollar? We don’t know except that the president himself denied making such comments at his G-7 press conference. It is poor journalism for media outlets to cite UNNAMED officials in distributing information that is certain to have market moving impact, but in today’s world of “first move” advantage there is a rush to get any headline to a Twitter feed regardless of validity. Did Obama make such a comment? Maybe in this context.

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