Monday, June 22, 2009

Propaganda Machine Needs Oiling, GDP Needs Red Bull

With headlines like this, who can argue that the media machine, in full control for the past 3 months, has gotten skewered on its own (lack of) propaganda:
1:00 pm : A lack of upbeat headlines has allowed participants to take control of the session. In turn, losses have been deep and broad-based, leaving stocks to test a major technical hurdle.
Uhm, so who exactly was controlling the session when headlines are full of bullshit about green astroturf and what not.

In other news, JP Morgan is saying that the economy will need some serious cocaine infused red bull to compensate for the 11% new unemployment "normal."

hat tip David and Kevin Sphere: Related Content
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