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by eloary 3256 days ago
Business news sources tend to be clear headed, because they are in the space of news you can put a dollar value on, and hence will pay for to make more accurate. That doesn't make them perfect, since they still tend towards an editorial agenda favoring "business as usual" power centers over disruptive forces, but I don't feel like I'm being fed outrage most of the time.
1 comments

>Business news sources tend to be clear headed, because they are in the space of news you can put a dollar value on, and hence will pay for to make more accurate.

It also pays to put out dishonest hit pieces against competitors, or dishonest reviews of your own products to make them seem better than they really are.

We get to see those because they're advertising. That's the whole point of "you have to pay." When I read a hype story about a company someone else is paying.

Really good, cheap or free info about the present and future tends to lie not in a consumer paper but in dense, wordy PDFs that are cast offs of internal researchers at major multinationals and government bureaus. Those documents are often released to tell investors and taxpayers "here is how we view the situation and why" and their structural mission is to get the assessment right so that they make correct moves. There is little storytelling or human interest to these documents, but they are valuable for the same reason that knowing about the weather is valuable.

Uh, I'd be parsimonious when choosing which reports to give attention and credence .

Within the industry there is a herd tendency.

Results of models which are far off from others get tweaked. Once data is sufficiently in line, only then does it get reported.

I agree to this though, there's going to be a dense PDF somewhere.

>Those documents are often released to tell investors and taxpayers "here is how we view the situation and why"

Indeed these tend to be more data oriented but they are still not without their great faults.

Case and point: the echo chamber of 2008 that culminated from the reports of the ratings agencies, academics, financial analysts, government regulators et al who were all pushing the same false narrative to the detriment of the investors and tax payers