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Bloomberg sure is working hard to talk down the economy. Throughout 2019 they were talking about recession. https://duckduckgo.com/?q=bloomberg+recession+2019&

Bloomberg sure is working hard to talk down the economy. Throughout 2019 they were talking about recession. https://duckduckgo.com/?q=bloomberg+recession+2019&t=ffab&atb=v63-1&ia=web https://duckduckgo.com/?q=bloomberg+recession+2019&t=ffab&at...

georgeplusplus 7y ago
Are you insinuating that Bloomberg is being nefarious by doing so? As long as the data backs it up I don’t see a problem with it being reported on.
- leereeves 7y ago
  A selective reading of the data can be made to support almost any conclusion, and I think Bloomberg has a rather obvious bias. As TFA says: "A faltering economic outlook in coming months would likely cast a shadow over President Donald Trump’s re-election bid." And even if there wasn't an election going on, we should consider a source's track record when evaluating their latest predictions. Bloomberg Media is the boy who cried "recession".
  - georgeplusplus 7y ago
    That’s a fair point. I forgot Bloomberg had entered the race to be honest. That could cause a lot of Bias. However I do think the economy isn’t well, if it was I doubt the fed would have restarted QE.
JumpCrisscross 7y ago
> Bloomberg sure is working hard to talk down the economy It’s a finance publication. Its bread is buttered by people paranoid about missing the next big thing, whether that be an unexpected winner or unexpected pullback.
- adventured 7y ago
  CNBC - which is not even a great financial & business news media outlet - does a dramatically better job of balancing their bullish versus bearish articles. Bloomberg, the media platform, went noticeably bearish after Michael Bloomberg publicly came out against Trump a few years ago. I've been reading Bloomberg daily for a very long time, it wasn't a subtle turn, it was dramatic and immediate - which perfectly fits with what we've seen since then from Michael Bloomberg's direction to his firm re what they're allowed to do and say. They're following his marching orders. The only positive thing I can say about that sort of bias and propaganda, is at least it's formally out in the open.
  - JumpCrisscross 7y ago
    > it wasn't a subtle turn, it was dramatic and immediate I've been reading Bloomberg news since it was on my terminal. I never noticed this. There has always a steady chatter of red flags and growth sectors. That's its job. During the recession, it was about the recession. After the recession, it was about threats to "green shoots." At each business-cycle record, it was about what could tank the economy next. (I've actually thought that Bloomberg's coverage has been bullish over the past year. While the FT was calling out a looming recession, Bloomberg focussed on American equities outperforming.)
  - metalliqaz 7y ago
    There is no reason to value a "balance of bullish versus bearish articles." If the prevailing sentiment is one or the other, then those would be viewpoints most represented.
  - ksec 7y ago
    I am wondering has this always been the case of CNBC? Or the balance view is something recent? I have only been reading / watching CNBC financial for the past few years and I was surprised at their balanced view. Since CNBC is constantly bashed ( may be based on politics or whatever reason Obama used to joke about ) I completely dismissed them for a very long time. Somewhere along the line Bloomberg turns into more like a Buzzfeed like platform for Financial news.
kccqzy 7y ago
But the numbers are produced by the Federal Reserve Bank of Philadelphia, according to the article.
- leereeves 7y ago
  A lot of economic forecasts are produced each day. Bloomberg chose to highlight these.
  - jryle70 7y ago
    Choose to highlight? This article isn't even in the homepage. In fact I couldn't even see it in the Economics section. Are you sure it isn't your confirmation bias? Bloomberg cover everything about market and economy. They churn out news round the clock.
    - leereeves 7y ago
      Of course it's not on the homepage now. It's from 4 days ago.
  - kasey_junk 7y ago
    It’s not on the front page of their website. Bloomberg is a financial news source geared at US finance professionals anything the fed says is a story for them.
wozniacki 7y ago
He's been doing this since atleast 2016. I wouldn't rule out he having sights on a presidential run since atleast then. He did form an exploratory committee once before and abandoned the run when it showed he didnt have enough support.[1] [2] Stocks keep climbing and climbing, but Michael Bloomberg isn't sure why. "I cannot for the life of me understand why the market keeps going up," the former New York City mayor said Tuesday in an interview with CBS News' Anthony Mason. "Our economy has some real challenges," he continued. "The infrastructure's falling apart. We're destroying jobs with technology. We are keeping the best and the brightest from around the world from coming to America to create new jobs and create new businesses. "All of those things would give you pause to worry about the future."[3] [1] Former New York mayor Bloomberg mulls presidential run on heels of Trump surge https://www.theguardian.com/us-news/2016/jan/23/michael-bloomberg-considers-third-party-presidential-bid https://www.theguardian.com/us-news/2016/jan/23/michael-bloo... [2] Former New York City Mayor Michael Bloomberg Will Not Run for President https://time.com/4250295/michael-bloomberg-president-trump-cruz/ https://time.com/4250295/michael-bloomberg-president-trump-c... [3] BLOOMBERG: 'I cannot for the life of me understand why the market keeps going up' https://www.businessinsider.com/stock-market-news-michael-bloomberg-2017-9 https://www.businessinsider.com/stock-market-news-michael-bl...
- alamaslah 7y ago
  Why is this being downvoted? It is a interesting contribution and gives valuable insight into the article that has been posted.
  - jcadam 7y ago
    > Why is this being downvoted? So was the other comment by the same user. They're being downvoted because they're critical of a Democratic presidential candidate.
    - troydavis 7y ago
      At least in my case, I downvoted it because it cited Daily Mail as a reliable source. https://en.wikipedia.org/wiki/Daily_Mail https://en.wikipedia.org/wiki/Daily_Mail and https://mediabiasfactcheck.com/daily-mail/ https://mediabiasfactcheck.com/daily-mail/ have more, but basically, it’s a tabloid. Their assessment of the decision is incomplete, probably because reporting is not how they differentiate. Here’s a few other entities' explanations of Bloomberg’s decision: https://www.npr.org/2019/11/25/782732936/bloomberg-news-says-it-wont-cover-owners-presidential-campaign-or-his-rivals https://www.npr.org/2019/11/25/782732936/bloomberg-news-says..., https://thehill.com/opinion/campaign/473542-bloomberg-reporting-policy-not-pretty-or-perfect-but-right https://thehill.com/opinion/campaign/473542-bloomberg-report..., https://www.cjr.org/the_media_today/michael_bloomberg_news_president.php https://www.cjr.org/the_media_today/michael_bloomberg_news_p...

georgeplusplus 7y ago

Are you insinuating that Bloomberg is being nefarious by doing so? As long as the data backs it up I don’t see a problem with it being reported on.

leereeves 7y ago
A selective reading of the data can be made to support almost any conclusion, and I think Bloomberg has a rather obvious bias. As TFA says: "A faltering economic outlook in coming months would likely cast a shadow over President Donald Trump’s re-election bid." And even if there wasn't an election going on, we should consider a source's track record when evaluating their latest predictions. Bloomberg Media is the boy who cried "recession".
- georgeplusplus 7y ago
  That’s a fair point. I forgot Bloomberg had entered the race to be honest. That could cause a lot of Bias. However I do think the economy isn’t well, if it was I doubt the fed would have restarted QE.

JumpCrisscross 7y ago

> Bloomberg sure is working hard to talk down the economy It’s a finance publication. Its bread is buttered by people paranoid about missing the next big thing, whether that be an unexpected winner or unexpected pullback.

adventured 7y ago
CNBC - which is not even a great financial & business news media outlet - does a dramatically better job of balancing their bullish versus bearish articles. Bloomberg, the media platform, went noticeably bearish after Michael Bloomberg publicly came out against Trump a few years ago. I've been reading Bloomberg daily for a very long time, it wasn't a subtle turn, it was dramatic and immediate - which perfectly fits with what we've seen since then from Michael Bloomberg's direction to his firm re what they're allowed to do and say. They're following his marching orders. The only positive thing I can say about that sort of bias and propaganda, is at least it's formally out in the open.
- JumpCrisscross 7y ago
  > it wasn't a subtle turn, it was dramatic and immediate I've been reading Bloomberg news since it was on my terminal. I never noticed this. There has always a steady chatter of red flags and growth sectors. That's its job. During the recession, it was about the recession. After the recession, it was about threats to "green shoots." At each business-cycle record, it was about what could tank the economy next. (I've actually thought that Bloomberg's coverage has been bullish over the past year. While the FT was calling out a looming recession, Bloomberg focussed on American equities outperforming.)
- metalliqaz 7y ago
  There is no reason to value a "balance of bullish versus bearish articles." If the prevailing sentiment is one or the other, then those would be viewpoints most represented.
- ksec 7y ago
  I am wondering has this always been the case of CNBC? Or the balance view is something recent? I have only been reading / watching CNBC financial for the past few years and I was surprised at their balanced view. Since CNBC is constantly bashed ( may be based on politics or whatever reason Obama used to joke about ) I completely dismissed them for a very long time. Somewhere along the line Bloomberg turns into more like a Buzzfeed like platform for Financial news.

kccqzy 7y ago

But the numbers are produced by the Federal Reserve Bank of Philadelphia, according to the article.

leereeves 7y ago
A lot of economic forecasts are produced each day. Bloomberg chose to highlight these.
- jryle70 7y ago
  Choose to highlight? This article isn't even in the homepage. In fact I couldn't even see it in the Economics section. Are you sure it isn't your confirmation bias? Bloomberg cover everything about market and economy. They churn out news round the clock.
  - leereeves 7y ago
    Of course it's not on the homepage now. It's from 4 days ago.
- kasey_junk 7y ago
  It’s not on the front page of their website. Bloomberg is a financial news source geared at US finance professionals anything the fed says is a story for them.

wozniacki 7y ago

He's been doing this since atleast 2016. I wouldn't rule out he having sights on a presidential run since atleast then. He did form an exploratory committee once before and abandoned the run when it showed he didnt have enough support.[1] [2] Stocks keep climbing and climbing, but Michael Bloomberg isn't sure why. "I cannot for the life of me understand why the market keeps going up," the former New York City mayor said Tuesday in an interview with CBS News' Anthony Mason. "Our economy has some real challenges," he continued. "The infrastructure's falling apart. We're destroying jobs with technology. We are keeping the best and the brightest from around the world from coming to America to create new jobs and create new businesses. "All of those things would give you pause to worry about the future."[3] [1] Former New York mayor Bloomberg mulls presidential run on heels of Trump surge https://www.theguardian.com/us-news/2016/jan/23/michael-bloomberg-considers-third-party-presidential-bid https://www.theguardian.com/us-news/2016/jan/23/michael-bloo... [2] Former New York City Mayor Michael Bloomberg Will Not Run for President https://time.com/4250295/michael-bloomberg-president-trump-cruz/ https://time.com/4250295/michael-bloomberg-president-trump-c... [3] BLOOMBERG: 'I cannot for the life of me understand why the market keeps going up' https://www.businessinsider.com/stock-market-news-michael-bloomberg-2017-9 https://www.businessinsider.com/stock-market-news-michael-bl...

alamaslah 7y ago
Why is this being downvoted? It is a interesting contribution and gives valuable insight into the article that has been posted.
- jcadam 7y ago
  > Why is this being downvoted? So was the other comment by the same user. They're being downvoted because they're critical of a Democratic presidential candidate.
  - troydavis 7y ago
    At least in my case, I downvoted it because it cited Daily Mail as a reliable source. https://en.wikipedia.org/wiki/Daily_Mail https://en.wikipedia.org/wiki/Daily_Mail and https://mediabiasfactcheck.com/daily-mail/ https://mediabiasfactcheck.com/daily-mail/ have more, but basically, it’s a tabloid. Their assessment of the decision is incomplete, probably because reporting is not how they differentiate. Here’s a few other entities' explanations of Bloomberg’s decision: https://www.npr.org/2019/11/25/782732936/bloomberg-news-says-it-wont-cover-owners-presidential-campaign-or-his-rivals https://www.npr.org/2019/11/25/782732936/bloomberg-news-says..., https://thehill.com/opinion/campaign/473542-bloomberg-reporting-policy-not-pretty-or-perfect-but-right https://thehill.com/opinion/campaign/473542-bloomberg-report..., https://www.cjr.org/the_media_today/michael_bloomberg_news_president.php https://www.cjr.org/the_media_today/michael_bloomberg_news_p...