We are continuing our revelations so you are equipped to question mainstream media. So much of the usual tripe is biased; and, in this election year compounded with the advent of artificial intelligence, we are faced with total manipulation. Said differently, don’t trust your headlines. They frequently bend, stretch or otherwise obscure the facts to serve their purposes. Here are some more recent examples.
- (GANNETT 5/15/24 story headline): NO INDICATION FED WILL CUT RATES EARLY: This headline suggest that you will suffer because the Federal reserve System–under the Biden Administration– is hurting your economic status. THIS IS FALSE FOR MANY REASONS. (1) BIDEN DOES NOT CONTROL THE FEDERAL RESERVE SYSTEM; (2) A RATE CUT ONLY AFFECTS NEW BORROWERS OF MAJOR ITEMS; (3) THE ECONOMY CANNOT AFFORD A RATE CUT BECAUSE IT IS GROWING AT A RATE WHERE REAL WAGES OUTPACE INFLATION; AND, (4) THE STORY MENTIONS THAT ONLY 175,000 NEW JOBS WERE CREATED IN APRIL BUT THAT IS SIGNIFICANTLY HIGHER THAN ANY MONTH DURING THE TRUMP ADMINISTRATION.
- (GANNETT 5/15/24 story headline): S&P 500 CLOSES NEARLY FLAT AHEAD OF INFLATION DATA: This headline fails (1) to mention that the S&P 500 Index has continued to set high close records all year and (2) the story predicts inflation growth before April numbers–showing a decrease–are released. The story also mentions (in the fine print) that corporate earnings reports are very positive for the first quarter of 2024.
- (GANNETT 5/17/24 story headline): NUMBER OF NEW CLAIMS FOR JOBLESS BENEFITS DECREASES: Gannett tried a new approach here. They started with a positive statement and then followed with all negative comments. (1) the economy is losing momentum; (2) sales of single family homes fell; (3) output at factories fell; (4) permits for future construction fell; (5) the road back to the Fed’s 2% inflation standard is likely to be bumpy. Notice the negativity of these “fine print” details.
- (KIPLINGER 5/9/24 story headline): INTEREST RATES FOR THE 10 YEAR TREASURY STAYS IN THE MID TO UPPER 4%’S: As of today the 10 Year Treasury stands at 4.4%–NOT the actual MID or UPPER 4’s.
Our message continues to be: read all news critically. Much of the managed (mangled??) information is fed to you to serve a biased source. DON’T BE FOOLED!!!!
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