Thursday, August 13, 2009

Foreclosures rise 32% (or just 7% according to AP headline writers)

Foreclosures for July rose by 32% compared to the same time period last year. Or if you want to make the headline less drastic, they rose a mere 7% comparing June 2009 to July 2009.

The current mainstream media practice seems to be to portray any economic data release in the most positive or "least bad fashion."

Hooray for journalism!

0 comments:

 

DISCLAIMER: This is a personal web site, reflecting the opinions of its author. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.