Truth in Financial Reporting
Every so often a little bit of honesty sneaks through from reporters who interpret financial markets. Lisa Singhania of The Associated Press on On the Media says “nobody knows quite what’s going on in the market” and so all those “the market rose on (such and such political development)” or “down on (such and such)” declarations are, if not fiction, certainly not fact. More like assertions based on assumptions that reporters and editors claim are reasonable based on the facts.
Singhania’s quote comes in a fun piece that asserts Alan Greenspan — the oracle through whom we pass much of the financial markets’ news — is better known than Justin Timberlake. Again, not provably accurate, but fun to consider.
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