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Zeitgeist
ParticipantThe difference could be that the paid “readers” on the news used to be journalists and now they are just readers. As for the print, there could be a similar evolution. There is no aggressive need to break a story that no one else has, or a hard boiled editor to make sure the sources are credible. All the money driven compression of the media has compressed the life out of it and we are left with the dregs. I think there was a wine thread on that kind of wine.
Maybe the next thread should be on what media actually reports honestly. I have read a couple of things in Mother Jones that seemed like they were honest. Here is another question. If you had a story of political corruption at a high level that was threatening to national security, who would you take it to to get the story out before you were wacked? The answer to the question, if you have one is probably the place you should go for news. I think I would contact MoJo, the Rolling Stone and the Drudge report to cover all the bases, then give a copy to the biggest shyster lawyer I know and send a copy to someone trusted.
Zeitgeist
ParticipantThe difference could be that the paid “readers” on the news used to be journalists and now they are just readers. As for the print, there could be a similar evolution. There is no aggressive need to break a story that no one else has, or a hard boiled editor to make sure the sources are credible. All the money driven compression of the media has compressed the life out of it and we are left with the dregs. I think there was a wine thread on that kind of wine.
Maybe the next thread should be on what media actually reports honestly. I have read a couple of things in Mother Jones that seemed like they were honest. Here is another question. If you had a story of political corruption at a high level that was threatening to national security, who would you take it to to get the story out before you were wacked? The answer to the question, if you have one is probably the place you should go for news. I think I would contact MoJo, the Rolling Stone and the Drudge report to cover all the bases, then give a copy to the biggest shyster lawyer I know and send a copy to someone trusted.
Zeitgeist
ParticipantThe difference could be that the paid “readers” on the news used to be journalists and now they are just readers. As for the print, there could be a similar evolution. There is no aggressive need to break a story that no one else has, or a hard boiled editor to make sure the sources are credible. All the money driven compression of the media has compressed the life out of it and we are left with the dregs. I think there was a wine thread on that kind of wine.
Maybe the next thread should be on what media actually reports honestly. I have read a couple of things in Mother Jones that seemed like they were honest. Here is another question. If you had a story of political corruption at a high level that was threatening to national security, who would you take it to to get the story out before you were wacked? The answer to the question, if you have one is probably the place you should go for news. I think I would contact MoJo, the Rolling Stone and the Drudge report to cover all the bases, then give a copy to the biggest shyster lawyer I know and send a copy to someone trusted.
Zeitgeist
ParticipantThe difference could be that the paid “readers” on the news used to be journalists and now they are just readers. As for the print, there could be a similar evolution. There is no aggressive need to break a story that no one else has, or a hard boiled editor to make sure the sources are credible. All the money driven compression of the media has compressed the life out of it and we are left with the dregs. I think there was a wine thread on that kind of wine.
Maybe the next thread should be on what media actually reports honestly. I have read a couple of things in Mother Jones that seemed like they were honest. Here is another question. If you had a story of political corruption at a high level that was threatening to national security, who would you take it to to get the story out before you were wacked? The answer to the question, if you have one is probably the place you should go for news. I think I would contact MoJo, the Rolling Stone and the Drudge report to cover all the bases, then give a copy to the biggest shyster lawyer I know and send a copy to someone trusted.
June 21, 2010 at 1:54 PM in reply to: Meredith Whitney: “No Doubt We Have Entered A Double-Dip For Housing” #568352Zeitgeist
ParticipantThat is true. However, if the economy continues to falter and more people become unemployed, then 4.5 or 6., it will still hamper consumer spending when they try to live on unemployment. That brings up another issue. Congress has extended unemployment far more than ever in the past. How long will that continue and what effect will that have on the economy once they stop the chronic extensions? I think this recovery is contrived, but I would prefer to be wrong about this. I think a full blown depression will be very damaging to the country. This generation is not as resilient as the one who went through the previous depression.
June 21, 2010 at 1:54 PM in reply to: Meredith Whitney: “No Doubt We Have Entered A Double-Dip For Housing” #568447Zeitgeist
ParticipantThat is true. However, if the economy continues to falter and more people become unemployed, then 4.5 or 6., it will still hamper consumer spending when they try to live on unemployment. That brings up another issue. Congress has extended unemployment far more than ever in the past. How long will that continue and what effect will that have on the economy once they stop the chronic extensions? I think this recovery is contrived, but I would prefer to be wrong about this. I think a full blown depression will be very damaging to the country. This generation is not as resilient as the one who went through the previous depression.
June 21, 2010 at 1:54 PM in reply to: Meredith Whitney: “No Doubt We Have Entered A Double-Dip For Housing” #568952Zeitgeist
ParticipantThat is true. However, if the economy continues to falter and more people become unemployed, then 4.5 or 6., it will still hamper consumer spending when they try to live on unemployment. That brings up another issue. Congress has extended unemployment far more than ever in the past. How long will that continue and what effect will that have on the economy once they stop the chronic extensions? I think this recovery is contrived, but I would prefer to be wrong about this. I think a full blown depression will be very damaging to the country. This generation is not as resilient as the one who went through the previous depression.
June 21, 2010 at 1:54 PM in reply to: Meredith Whitney: “No Doubt We Have Entered A Double-Dip For Housing” #569059Zeitgeist
ParticipantThat is true. However, if the economy continues to falter and more people become unemployed, then 4.5 or 6., it will still hamper consumer spending when they try to live on unemployment. That brings up another issue. Congress has extended unemployment far more than ever in the past. How long will that continue and what effect will that have on the economy once they stop the chronic extensions? I think this recovery is contrived, but I would prefer to be wrong about this. I think a full blown depression will be very damaging to the country. This generation is not as resilient as the one who went through the previous depression.
June 21, 2010 at 1:54 PM in reply to: Meredith Whitney: “No Doubt We Have Entered A Double-Dip For Housing” #569343Zeitgeist
ParticipantThat is true. However, if the economy continues to falter and more people become unemployed, then 4.5 or 6., it will still hamper consumer spending when they try to live on unemployment. That brings up another issue. Congress has extended unemployment far more than ever in the past. How long will that continue and what effect will that have on the economy once they stop the chronic extensions? I think this recovery is contrived, but I would prefer to be wrong about this. I think a full blown depression will be very damaging to the country. This generation is not as resilient as the one who went through the previous depression.
June 21, 2010 at 1:41 PM in reply to: Meredith Whitney: “No Doubt We Have Entered A Double-Dip For Housing” #568328Zeitgeist
ParticipantMany people have been predicting the W v. the V recovery on Piggington for some time now. I think because of the November elections the stock market and housing will continue to be artificially supported. The bank bail outs have helped prop them up so they have probably been encouraged to not boot people out and/ or not dump the foreclosures property on the market. How long can that continue? Eventually the piper will have to be paid by those living for free and freely spending. When they start having to pay rent again; all bets are off. Maybe HLS will weigh in on this debate. As an insider, I am sure he has a sense of where the housing sector is headed.
Lower prices for working people in California may be a blessing in disguise in the long run.
June 21, 2010 at 1:41 PM in reply to: Meredith Whitney: “No Doubt We Have Entered A Double-Dip For Housing” #568422Zeitgeist
ParticipantMany people have been predicting the W v. the V recovery on Piggington for some time now. I think because of the November elections the stock market and housing will continue to be artificially supported. The bank bail outs have helped prop them up so they have probably been encouraged to not boot people out and/ or not dump the foreclosures property on the market. How long can that continue? Eventually the piper will have to be paid by those living for free and freely spending. When they start having to pay rent again; all bets are off. Maybe HLS will weigh in on this debate. As an insider, I am sure he has a sense of where the housing sector is headed.
Lower prices for working people in California may be a blessing in disguise in the long run.
June 21, 2010 at 1:41 PM in reply to: Meredith Whitney: “No Doubt We Have Entered A Double-Dip For Housing” #568927Zeitgeist
ParticipantMany people have been predicting the W v. the V recovery on Piggington for some time now. I think because of the November elections the stock market and housing will continue to be artificially supported. The bank bail outs have helped prop them up so they have probably been encouraged to not boot people out and/ or not dump the foreclosures property on the market. How long can that continue? Eventually the piper will have to be paid by those living for free and freely spending. When they start having to pay rent again; all bets are off. Maybe HLS will weigh in on this debate. As an insider, I am sure he has a sense of where the housing sector is headed.
Lower prices for working people in California may be a blessing in disguise in the long run.
June 21, 2010 at 1:41 PM in reply to: Meredith Whitney: “No Doubt We Have Entered A Double-Dip For Housing” #569034Zeitgeist
ParticipantMany people have been predicting the W v. the V recovery on Piggington for some time now. I think because of the November elections the stock market and housing will continue to be artificially supported. The bank bail outs have helped prop them up so they have probably been encouraged to not boot people out and/ or not dump the foreclosures property on the market. How long can that continue? Eventually the piper will have to be paid by those living for free and freely spending. When they start having to pay rent again; all bets are off. Maybe HLS will weigh in on this debate. As an insider, I am sure he has a sense of where the housing sector is headed.
Lower prices for working people in California may be a blessing in disguise in the long run.
June 21, 2010 at 1:41 PM in reply to: Meredith Whitney: “No Doubt We Have Entered A Double-Dip For Housing” #569319Zeitgeist
ParticipantMany people have been predicting the W v. the V recovery on Piggington for some time now. I think because of the November elections the stock market and housing will continue to be artificially supported. The bank bail outs have helped prop them up so they have probably been encouraged to not boot people out and/ or not dump the foreclosures property on the market. How long can that continue? Eventually the piper will have to be paid by those living for free and freely spending. When they start having to pay rent again; all bets are off. Maybe HLS will weigh in on this debate. As an insider, I am sure he has a sense of where the housing sector is headed.
Lower prices for working people in California may be a blessing in disguise in the long run.
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