4 ms·
This happened yesterday: https://www.bloomberg.com/news/articles/2020-01-16/u-s-to-change-procedures-for-release-of-major-economic-data https://www.bloomberg.c
by mywittyname 7y ago
This happened yesterday:
https://www.bloomberg.com/news/articles/2020-01-16/u-s-to-change-procedures-for-release-of-major-economic-data https://www.bloomberg.com/news/articles/2020-01-16/u-s-to-ch...
I can't help but see a relationship here between bad economic news and attempts to curb the release of such.
- sremani 7y agoThat works other way too. The Media baron running for President influencing the framing of standard bureaucratic changes. We only see, what we want to see!
- hhs 7y agoThe AP has more context about this: https://apnews.com/cde6768a1c300c7d167f19f676d0d515 https://apnews.com/cde6768a1c300c7d167f19f676d0d515 The FT also gives useful analysis: https://www.ft.com/content/e3ec2f00-3886-11ea-a6d3-9a26f8c3cba4 https://www.ft.com/content/e3ec2f00-3886-11ea-a6d3-9a26f8c3c...
- cheriot 7y agoThe funny thing is, it's other people copying said media baron prompting the change. > and cited a 2014 report by the department’s inspector general saying several news organizations that participate are able to profit by providing the numbers to algorithmic traders in a format that provides them an advantage. That's Bloomberg's original business model!
- kbutler 7y agoIt looks like you're completely misinterpreting this change. Status quo ante: big media get advance access in a closed room to the new economic news, with electronics to prepare stories and prepare optimized communications to friends. New procedure: big media still get advance access in a closed room to the new economic news, but without the electronics. How is this an attempt to curb the release of bad economic news?
- diogenescynic 7y agoThat had to do with certain outlets like Bloomberg and Reuters getting market data before everyone else. Nothing nefarious that I can tell.