Is The Bubble Catching The Attention Of Mass Media?

[NVMojo]

A common topic suggestion this week is the growing media awareness of the housing bubble. “The Washington Times has a big front page headline this morning: ‘Home Prices Fall; Sales Plummet’. This is probably also in a lot of other newspapers as well, given the recent sales numbers, but how many will put it up front like that remains to be seen.”

“This and other news stories this week does seem to indicate that the Housing Bubble is finally catching attention of the mass media. Once they start piling on and make this the latest ‘hot story,’ that will crunch the market. There are still people out there convinced that there s no slump; hearing it on TV and reading it on front pages might convince them otherwise.”

Another added, “The Today show had a big story on the housing bust. I couldn’t believe it. They actually had someone talking about how people used their houses as ATMs. The only thing that they don’t seem to be addressing is the fundamentals. If that kind of talk hits the news it will be officially over.”

more...

http://thehousingbubbleblog.com/?p=1336

[Demeter]

1. Like Trying to Reconstruct a Fir Tree Out of Toothpicks

Mass media is useless. There once was analysis, tying pits and pieces together. Now there's just gossip and distraction. It's like a national case of Alzheimers. When coupled with the national case of paranoia, no wonder we feel insane!

[physioex]

2. Right...

Like the continuous Jon Benet coverage. Talk about serious dementia......