Media pundits know best!  Always believe the pundits!

Article by Jennifer Rubin in her weekly ‘live-chat’ session in the Washington Post on 8/14/24.

Answer to a reader’s question in regard to the recent over-reaction of most media to the stock-market dip:

“‘How does an old guy in Wisconsin, with a modest but very real portfolio, understand the economy better than the would-be “experts” on the East Coast? Why are the pundits and “experts” so quick to shout “doom.” It can’t all be clickbait…or is it?

“The negative news bias and hysteria-to-induce-alarm might get eyeballs and clicks in the short term, but they undermine the credibility of the press. The latter winds up misinforming the voters. It would help if major outlets brought back competent ombudsmen.”

response by another reader:

“Yes, the mainstream media continues to lose credibility and this past weeks’ market reports prove that. No way would there be a collapse, though it was reported as such. The market recovered by the end of the week. Those of us “little guys” out there know this. It’s the media (and the Trumpers) that look for disaster around every corner, looking for that needle in a haystack, and yet they largely overlook Trump’s alarming mental deterioration (Re: his Harris/Brown fantasy helicopter trip).”

https://www.washingtonpost.com/opinions/2024/08/14/jennifer-rubin-live-chat