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CNN is almost giddy about a possible recession

Posted on 9/17/19 at 6:14 pm
Posted by The Pirate King
Pangu
Member since May 2014
57571 posts
Posted on 9/17/19 at 6:14 pm
LINK

quote:

A crack just emerged in the financial markets: The NY Fed spends $53 billion to rescue the overnight lending market


quote:

Borrowing rates skyrocketed on Tuesday in a corner of the markets the public rarely notices but that is critical to the functioning of the global financial system


quote:

The episode demonstrates evidence of emerging strains in financial markets and raises concern that the Federal Reserve could be losing its grip on short-term rates.


quote:

Although it doesn't get as much attention as the Dow or the 10-year Treasury rate, this overnight market plays a central role in modern finance. It allows banks to quickly and cheaply borrow money, for short periods of time, often to buy bonds like Treasuries. This market broke down during the 2008 financial crisis


And buried in the article:

quote:

However, analysts drew a distinction between the current period of stress and what happened during the crisis. Back then, investors were deeply worried about the financial health of banks. Today, banks are hauling in record profits and balance sheets look sturdy


Pathetic
This post was edited on 9/17/19 at 6:17 pm
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69234 posts
Posted on 9/17/19 at 6:15 pm to
US industrial production increased at fastest pace in a year

New data out today
Posted by Dawgy49
North Georgia
Member since Sep 2015
4851 posts
Posted on 9/17/19 at 6:16 pm to
Turn that $hit off my friend. You won’t learn a damn thing on CNN
This post was edited on 9/17/19 at 6:23 pm
Posted by The Pirate King
Pangu
Member since May 2014
57571 posts
Posted on 9/17/19 at 6:17 pm to
I check the apple stocks app daily and this was the top article.
Posted by Green Chili Tiger
Lurking the Tin Foil Hat Board
Member since Jul 2009
47557 posts
Posted on 9/17/19 at 6:18 pm to
quote:

Although it doesn't get as much attention as the Dow or the 10-year Treasury rate, this overnight market plays a central role in modern finance. It allows banks to quickly and cheaply borrow money, for short periods of time, often to buy bonds like Treasuries. This market broke down during the 2008 financial crisis



And buried in the article:

quote:
However, analysts drew a distinction between the current period of stress and what happened during the crisis. Back then, investors were deeply worried about the financial health of banks. Today, banks are hauling in record profits and balance sheets look sturdy


The paragraph you said was "buried in the article" is literally the next paragraph after the part you bolded.
Posted by Dawgy49
North Georgia
Member since Sep 2015
4851 posts
Posted on 9/17/19 at 6:18 pm to
I understand...I actually tune in sporadically for the humor
Posted by PsychTiger
Member since Jul 2004
98699 posts
Posted on 9/17/19 at 6:19 pm to
quote:

You want learn a damn thing on CNN


True, he both wants to learn but likely won’t learn anything watching Fake News CNN.
Posted by cardswinagain
Member since Jun 2013
11868 posts
Posted on 9/17/19 at 6:20 pm to
The media is the enemy of the people
Posted by The Pirate King
Pangu
Member since May 2014
57571 posts
Posted on 9/17/19 at 6:22 pm to
quote:

True, he both wants to learn but likely won’t learn anything watching Fake News CNN.


I’m curious how my 401k is doing, I check there, then this kind of thing is the top article, completely contradicting itself from paragraph to paragraph
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 9/17/19 at 6:44 pm to
quote:

The paragraph you said was "buried in the article" is literally the next paragraph after the part you bolded.



If it isn't in the headline or first paragraph it is buried in the article.

Everyone knows that, you are disingenuous.
Posted by Gaspergou202
Metairie, LA
Member since Jun 2016
13493 posts
Posted on 9/17/19 at 7:16 pm to
If it’s bad for American, CNN is for it.
Posted by Green Chili Tiger
Lurking the Tin Foil Hat Board
Member since Jul 2009
47557 posts
Posted on 9/17/19 at 8:02 pm to
quote:

If it isn't in the headline or first paragraph it is buried in the article.



So they "buried" the stuff referencing 2008 too?

Headline:

quote:

A crack just emerged in the financial markets: The NY Fed spends $53 billion to rescue the overnight lending market


First TWO paragraphs:

quote:

New York (CNN Business)Borrowing rates skyrocketed on Tuesday in a corner of the markets the public rarely notices but that is critical to the functioning of the global financial system.

The spike in overnight borrowing rates forced the New York Federal Reserve to come to the rescue with a special operation aimed at easing stress in financial markets.




Which part is wrong?
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134839 posts
Posted on 9/17/19 at 8:04 pm to
Wonder if this will still be Obama's economy if it tanks
Posted by JackieTreehorn
Malibu
Member since Sep 2013
29029 posts
Posted on 9/17/19 at 8:09 pm to
Which is hilarious because the first thing people usually cut is their advertising budget. CNN is fricked regardless.
Posted by BuckyCheese
Member since Jan 2015
48753 posts
Posted on 9/17/19 at 8:16 pm to
quote:

If it isn't in the headline or first paragraph it is buried in the article.



Essentially the same thing as google search.

If it's not above the fold clicks fall off a cliff. Forget about page 2.

People read headlines and maybe the first paragraph.
Posted by Vacherie Saint
Member since Aug 2015
39372 posts
Posted on 9/17/19 at 9:17 pm to
It's the 12th paragraph in an article about financial gloom and doom. Wtf do you considered buried? Paragraphs 13 on down?

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