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	<title>Hawaii Real Estate Reporter &#187; Market Conditions</title>
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		<title>Headline Schizophrenia &#8211; Glass Half Empty &#8211; Half Full</title>
		<link>http://hawaiirealestatereporter.com/mainstreet-media-analysis/headline-schizophrenia-glass-half-empty-half-full/</link>
		<comments>http://hawaiirealestatereporter.com/mainstreet-media-analysis/headline-schizophrenia-glass-half-empty-half-full/#comments</comments>
		<pubDate>Fri, 29 Aug 2008 01:41:55 +0000</pubDate>
		<dc:creator>Hawaii Real Estate reporter</dc:creator>
				<category><![CDATA[Mainstream Media Analysis]]></category>
		<category><![CDATA[gdp]]></category>
		<category><![CDATA[Market Conditions]]></category>

		<guid isPermaLink="false">http://hawaiirealestatereporter.com/?p=150</guid>
		<description><![CDATA[In the best performance since 2007, the Gross Domestic Product (GDP) last quarter surprised everyone and grew at an annual rate of 3.3%.  This greatly exceeded the government’s estimate of 1.9% and economists’ forecast of 2.7%.  The stock market gained nearly 200 points today on this great news.  Massive good news right? [...]<p>Post from: <a href="http://hawaiirealestatereporter.com">Hawaii Real Estate Reporter</a></p>
<p><a href="http://hawaiirealestatereporter.com/mainstreet-media-analysis/headline-schizophrenia-glass-half-empty-half-full/">Headline Schizophrenia &#8211; Glass Half Empty &#8211; Half Full</a></p>
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			<content:encoded><![CDATA[<p>In the best performance since 2007, the Gross Domestic Product (GDP) last quarter surprised everyone and grew at an annual rate of 3.3%.  This greatly exceeded the government’s estimate of 1.9% and economists’ forecast of 2.7%.  The stock market gained nearly 200 points today on this great news.  Massive good news right?  Not to the media – they were very disappointed.  So, how is this good economic news reported?  This is <a href="http://www.msnbc.msn.com/id/26441463/">the AP&#8217;s headline</a>: </p>
<blockquote><p>&#8220;Spring&#8217;s economic rebound unlikely to last &#8221; </p></blockquote>
<p>This is the most blatant negative bias I have ever seen in a headline.  3.3% GDP growth is huge.   It surprised everyone.  And what does <a href="http://www.msnbc.msn.com/id/26441463/">this article from CNN </a>say in the first line? </p>
<blockquote><p>“The economy pulled out of a dangerous rough patch in the spring, thanks largely to strong exports, but the rebound isn&#8217;t expected to last.” </p></blockquote>
<p>  Wow, what a stretch of the facts.  And the rest of the article, while mentioning the data, buries it in their much-loved doom and gloom.</p>
<p>It should be clear why our people are confused and worried.  Looking at headlines like this everyday will wear down most anyone.  We have a responsibility to refute this incredible negative bias.  Let the numbers tell the story for you.  Economic signs are improving in more and more areas.  I understand that the media thinks that ‘bad news sells’ but this is taking it too far &#8211; into the realm of misrepresentation. </p>
<p>On the other hand, here is <a href="http://www.cnbc.com/id/5965814/for/cnbc">the same information </a>without the headline schizophrenia and bias (as much bias).  Same data, same day, two different stories.  Of course the writer can’t get through the entire article without a little doom and gloom, but at least there is a hint of accuracy in this one.  And the headline, </p>
<blockquote><p>&#8220;Stocks jump on better-than-expected GDP, jobs data&#8221;</p></blockquote>
<p> isn’t nuts.</p>
<p>Post from: <a href="http://hawaiirealestatereporter.com">Hawaii Real Estate Reporter</a></p>
<p><a href="http://hawaiirealestatereporter.com/mainstreet-media-analysis/headline-schizophrenia-glass-half-empty-half-full/">Headline Schizophrenia &#8211; Glass Half Empty &#8211; Half Full</a></p>
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