Old Project Avalon Forum (ARCHIVE) - View Single Post - For a bunch of people who are preaching positivity.. you sure are negative

10-08-2008, 03:05 PM

"... But, all the people we've been speaking to today say we're knuckling down for the long haul. As long as these markets recover everything should be fine."

This is a word for word quote from Sky News after announcing that currently the DOW is down 140 points and the FTSE is down 240 points. This follows the $700bn bailout in America, the £50bn bailout in the UK and the announcements of 0.5% interest rate cuts. Still the markets fall.

Given what everyone here knows about the financial system and how it works, does anyone think that the news channels are spreading doom and gloom? Or does it look like they continue to downplay the real situation for all they're worth?

Sorry Orion, but if the TV and newspapers had been honestly reporting what's been happening over the last two hundred years we wouldn't be in this situation.

10-08-2008, 03:05 PM	#55
Steve_G Guest Posts: n/a	Re: For a bunch of people who are preaching positivity.. you sure are negative "... But, all the people we've been speaking to today say we're knuckling down for the long haul. As long as these markets recover everything should be fine." This is a word for word quote from Sky News after announcing that currently the DOW is down 140 points and the FTSE is down 240 points. This follows the $700bn bailout in America, the £50bn bailout in the UK and the announcements of 0.5% interest rate cuts. Still the markets fall. Given what everyone here knows about the financial system and how it works, does anyone think that the news channels are spreading doom and gloom? Or does it look like they continue to downplay the real situation for all they're worth? Sorry Orion, but if the TV and newspapers had been honestly reporting what's been happening over the last two hundred years we wouldn't be in this situation.