The global economic meltdown has left everyone in search of a silver lining. It is hard to find one in today’s polluted world. Thus, many are wondering if there will be a silver peace – any silver peace – in the months to come. There certainly has been mass euphoria over the new wave of stocks and bonds being offered by the major banks after the financial meltdown. But, do these stocks and bonds really offer a safety or are they just another bubble waiting to burst? Let us look at how the stock market may react to the economic crisis.
If you ask me, I will say that the new media outlets, including social media, have had a minimal impact on the market. To be more precise, I would say that only a few news agencies have done their job properly. The good news, though, for those seeking a silver lining, this slight decline came in December and not in January.
If you read a couple of blogs and news articles, you would realize that most of them focus on speculations and subjective views. Nothing to get really excited about. Of course, it is expected that some readers would take a shot at influencing the outcome of the election through voting and the like, but nothing happened. Similarly, many traders did not participate in any election campaign activities because of the fake news created by the mainstream media. They felt threatened by the fact that they would lose their investment or even their life savings due to the influence of fake news makers.
Mainstream newspapers and television channels continued their efforts to promote their brand name, regardless of public opinion. Readers saw no change and continued to buy newspapers and channels. Even the listeners heard little or nothing from politicians and journalists. This type of biased reporting can only harm the credibility of the news media in the future.
Fake news websites were also launched to combat the biased nature of the news media. Many people turned to these websites and called news agencies fake news sites as well. Some even said that newspapers and other media cannot be calling fake news sites as they are run by people who understand what real news is all about. They do not sell fake products or content to their readers and listeners, thus they cannot be called fake news sites.
Most of the news stories reported by television and radio stations have no bearing whatsoever on the actual product or services being sold by the company. Hence, this type of reporting is not called fake news. Rather, this is called newsworthy reporting, which actually provides substantial news information to viewers. Broadcast journalists from print media are professionals who are concerned about providing balanced information to the viewers and are not involved in promoting a particular brand or a product.