Wednesday, September 7, 2011

BBC's sad face over happy news

I have written before about the odd way that many business editors label uncertain economics data with simplistic headlines. This is another example, from the BBC website:
A downbeat headline about falling shares, accompanied by evidence of comfortably rising shares.

The important thing is the section in bold where the BBC try to explain the falling shares as a consequence of Eurozone debt and the fears of recession. So what about rising shares? Are they also signals of concern over debt and recession? If not, perhaps this interpretation was never right in the first place.

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