Bernanke may be readying the deepest interest-rate cut in a generation

[rebeccajo 14]

Interesting stuff.

But what are ya gonna do about it?

Honestly, I really think if the media would ratchet down the attention on the economy, things might start to improve. People can only hear so much bad news each and every day before they start reacting to it.

[Heracles 417]

Interesting stuff.

But what are ya gonna do about it?

Honestly, I really think if the media would ratchet down the attention on the economy, things might start to improve. People can only hear so much bad news each and every day before they start reacting to it.

The media is not responsible for this country's imminent bankruptcy. Blame the clowns you guys vote into congress and the house. The same clowns who have the audacity to investigate CEOs pay while waste billions of borrowed money on ####### themselves.

[GaryC 7]

Interesting stuff.

But what are ya gonna do about it?

Honestly, I really think if the media would ratchet down the attention on the economy, things might start to improve. People can only hear so much bad news each and every day before they start reacting to it.

Bad news is front page news. There is also the political factor in play in an election year. A bad economy helps some politically so therefore it is played up.

[Trumplestiltskin 5,791]

They might play it up - but there IS a problem. Its not something some executive editor cooked up in a back room.

[rebeccajo 14]

Interesting stuff.

But what are ya gonna do about it?

Honestly, I really think if the media would ratchet down the attention on the economy, things might start to improve. People can only hear so much bad news each and every day before they start reacting to it.

Bad news is front page news. There is also the political factor in play in an election year. A bad economy helps some politically so therefore it is played up.

Maybe. But according to my husband, the US is obsessed with news.

Wes had been in the US for 90 days on a J visa in 1990. When he came back to visit me (first time) in 2005, he commented on how everywhere we went (clubs, airports lounges, etc) either CNN or MSNBC was playing on a television. Apparently this 'behavior' was different from what he had observed 15 years ago. He said he got sick of seeing it everywhere we went, and that it was depressing and stressful. He will still tell you that Americans are far more 'news-obsessed' than Britains.

My parents have Fox News running in their living room almost constantly. They are always wound up over politics and money. And they can tell you every detail of the latest 'tradedy' - whatever that might be.

[SteveLaura 0]

Interesting stuff.

But what are ya gonna do about it?

Honestly, I really think if the media would ratchet down the attention on the economy, things might start to improve. People can only hear so much bad news each and every day before they start reacting to it.

Bad news is front page news. There is also the political factor in play in an election year. A bad economy helps some politically so therefore it is played up.

Maybe. But according to my husband, the US is obsessed with news.

Wes had been in the US for 90 days on a J visa in 1990. When he came back to visit me (first time) in 2005, he commented on how everywhere we went (clubs, airports lounges, etc) either CNN or MSNBC was playing on a television. Apparently this 'behavior' was different from what he had observed 15 years ago. He said he got sick of seeing it everywhere we went, and that it was depressing and stressful. He will still tell you that Americans are far more 'news-obsessed' than Britains.

My parents have Fox News running in their living room almost constantly. They are always wound up over politics and money. And they can tell you every detail of the latest 'tradedy' - whatever that might be.

I think in part it's to do with a need for instant information. Take the election process, for example. People would rather have the results quickly rather than accurately, it seems (2000, for example). The elections are held in Nov and the inauguration in Jan. Plenty of time to count every vote. Yet the networks rush to be the first to say who's won the same night. It's unnecessary.

[SmileyGuy 0]

The Fed will be "ready" when the data validates it.

You crack me up. I think we would get along famously!

[rebeccajo 14]

Interesting stuff.

But what are ya gonna do about it?

Honestly, I really think if the media would ratchet down the attention on the economy, things might start to improve. People can only hear so much bad news each and every day before they start reacting to it.

Bad news is front page news. There is also the political factor in play in an election year. A bad economy helps some politically so therefore it is played up.

Maybe. But according to my husband, the US is obsessed with news.

Wes had been in the US for 90 days on a J visa in 1990. When he came back to visit me (first time) in 2005, he commented on how everywhere we went (clubs, airports lounges, etc) either CNN or MSNBC was playing on a television. Apparently this 'behavior' was different from what he had observed 15 years ago. He said he got sick of seeing it everywhere we went, and that it was depressing and stressful. He will still tell you that Americans are far more 'news-obsessed' than Britains.

My parents have Fox News running in their living room almost constantly. They are always wound up over politics and money. And they can tell you every detail of the latest 'tradedy' - whatever that might be.

I think in part it's to do with a need for instant information. Take the election process, for example. People would rather have the results quickly rather than accurately, it seems (2000, for example). The elections are held in Nov and the inauguration in Jan. Plenty of time to count every vote. Yet the networks rush to be the first to say who's won the same night. It's unnecessary.

Steve,

Do you mean people in the US wanting instant info?

I really think our society has become very inpatient. I call it 'microwave mentality'.

[GaryC 7]

Interesting stuff.

But what are ya gonna do about it?

Honestly, I really think if the media would ratchet down the attention on the economy, things might start to improve. People can only hear so much bad news each and every day before they start reacting to it.

Bad news is front page news. There is also the political factor in play in an election year. A bad economy helps some politically so therefore it is played up.

Maybe. But according to my husband, the US is obsessed with news.

Wes had been in the US for 90 days on a J visa in 1990. When he came back to visit me (first time) in 2005, he commented on how everywhere we went (clubs, airports lounges, etc) either CNN or MSNBC was playing on a television. Apparently this 'behavior' was different from what he had observed 15 years ago. He said he got sick of seeing it everywhere we went, and that it was depressing and stressful. He will still tell you that Americans are far more 'news-obsessed' than Britains.

My parents have Fox News running in their living room almost constantly. They are always wound up over politics and money. And they can tell you every detail of the latest 'tradedy' - whatever that might be.

I think in part it's to do with a need for instant information. Take the election process, for example. People would rather have the results quickly rather than accurately, it seems (2000, for example). The elections are held in Nov and the inauguration in Jan. Plenty of time to count every vote. Yet the networks rush to be the first to say who's won the same night. It's unnecessary.

Steve,

Do you mean people in the US wanting instant info?

I really think our society has become very inpatient. I call it 'microwave mentality'.

That is very true. In my fathers age it took days for news to get out. 100 years ago it took weeks. Today with a 24 hour news cycle and the instant communications of the internet it is inevitable. It is a one way street. Get used to it.

[rebeccajo 14]

Interesting stuff.

But what are ya gonna do about it?

Honestly, I really think if the media would ratchet down the attention on the economy, things might start to improve. People can only hear so much bad news each and every day before they start reacting to it.

Bad news is front page news. There is also the political factor in play in an election year. A bad economy helps some politically so therefore it is played up.

Maybe. But according to my husband, the US is obsessed with news.

Wes had been in the US for 90 days on a J visa in 1990. When he came back to visit me (first time) in 2005, he commented on how everywhere we went (clubs, airports lounges, etc) either CNN or MSNBC was playing on a television. Apparently this 'behavior' was different from what he had observed 15 years ago. He said he got sick of seeing it everywhere we went, and that it was depressing and stressful. He will still tell you that Americans are far more 'news-obsessed' than Britains.

My parents have Fox News running in their living room almost constantly. They are always wound up over politics and money. And they can tell you every detail of the latest 'tradedy' - whatever that might be.

I think in part it's to do with a need for instant information. Take the election process, for example. People would rather have the results quickly rather than accurately, it seems (2000, for example). The elections are held in Nov and the inauguration in Jan. Plenty of time to count every vote. Yet the networks rush to be the first to say who's won the same night. It's unnecessary.

Steve,

Do you mean people in the US wanting instant info?

I really think our society has become very inpatient. I call it 'microwave mentality'.

That is very true. In my fathers age it took days for news to get out. 100 years ago it took weeks. Today with a 24 hour news cycle and the instant communications of the internet it is inevitable. It is a one way street. Get used to it.

Get used to it?

I wasn't just speaking about the news. I'm talking about out society overall, and people's expectations of it.

It wasn't just information that used to take a long time to move. Everything took longer. It seems to me that people these days can't stand to wait for anything. Even the worthwhile things. Everybody wants it NOW!

[GaryC 7]

Interesting stuff.

But what are ya gonna do about it?

Honestly, I really think if the media would ratchet down the attention on the economy, things might start to improve. People can only hear so much bad news each and every day before they start reacting to it.

Bad news is front page news. There is also the political factor in play in an election year. A bad economy helps some politically so therefore it is played up.

Maybe. But according to my husband, the US is obsessed with news.

Wes had been in the US for 90 days on a J visa in 1990. When he came back to visit me (first time) in 2005, he commented on how everywhere we went (clubs, airports lounges, etc) either CNN or MSNBC was playing on a television. Apparently this 'behavior' was different from what he had observed 15 years ago. He said he got sick of seeing it everywhere we went, and that it was depressing and stressful. He will still tell you that Americans are far more 'news-obsessed' than Britains.

My parents have Fox News running in their living room almost constantly. They are always wound up over politics and money. And they can tell you every detail of the latest 'tradedy' - whatever that might be.

I think in part it's to do with a need for instant information. Take the election process, for example. People would rather have the results quickly rather than accurately, it seems (2000, for example). The elections are held in Nov and the inauguration in Jan. Plenty of time to count every vote. Yet the networks rush to be the first to say who's won the same night. It's unnecessary.

Steve,

Do you mean people in the US wanting instant info?

I really think our society has become very inpatient. I call it 'microwave mentality'.

That is very true. In my fathers age it took days for news to get out. 100 years ago it took weeks. Today with a 24 hour news cycle and the instant communications of the internet it is inevitable. It is a one way street. Get used to it.

Get used to it?

I wasn't just speaking about the news. I'm talking about out society overall, and people's expectations of it.

It wasn't just information that used to take a long time to move. Everything took longer. It seems to me that people these days can't stand to wait for anything. Even the worthwhile things. Everybody wants it NOW!

I agree but I don't see it changing. The way our society is ordered has changed and it is now the reality of the world. Without a major catastrophe that puts us back 100 years it is only going to get worse.

[Peikko 1,575]

Now, I wonder why people want things, and want them now? It has nothing to do of course with consumerism has it?

Back to interest rates, every time they cut them, my savings account gets more and more useless! Increase the interest rates again you bastards!!!

[GaryC 7]

Now, I wonder why people want things, and want them now? It has nothing to do of course with consumerism has it?

Back to interest rates, every time they cut them, my savings account gets more and more useless! Increase the interest rates again you bastards!!!

But at the same time when they cut interest rates the stock market goes up and my 401K is worth more. Saving accounts are a very poor way to save money. Even in the best of times it does not keep up with inflation.

[mawilson 2,133]

I really think our society has become very inpatient. I call it 'microwave mentality'.

Well yeah what did you expect - put a person in a microwave, and then complain

about his living in the hospital where he is being treated?

[Trompe le Monde 1,107]

Now, I wonder why people want things, and want them now? It has nothing to do of course with consumerism has it?

Back to interest rates, every time they cut them, my savings account gets more and more useless! Increase the interest rates again you bastards!!!

But at the same time when they cut interest rates the stock market goes up and my 401K is worth more. Saving accounts are a very poor way to save money. Even in the best of times it does not keep up with inflation.

The rallies following the last couple rate cuts have been very brief