Dr. Housing Bubble 09/29/09

[Crewleader]

The Progression of the Housing Bubble in the Press: Financial and Economic Headlines from 2000 to 2009. The Psychology of the Financial Press and Reporting on the Housing Market.

I spent some time today going through a hundred headlines from this decade relating to the housing market. What I found is rather telling and may be contrary to what you would expect. Some in the press were early to the housing bubble but as the housing market grew stronger and the bubble expanded, many of those in the press pushed their assumptions aside and learned to love the housing bubble. Even as option ARMs and Alt-A loans made their way through the market, the housing bubble suddenly made many journalist pause and refrain from using common sense. The 27 headlines in this article are a fascinating study of economic psychology but also a case study in financial journalism.

What you will find in the following headlines is a scatterbrain attempt of the media trying to make sense of an economic bubble. Instead of examining the deeper intricacies of the market and looking at the U.S. Treasury and Federal Reserve the media seemed to report what was one step in front of it. If that is the case, then who is really minding the store?

Let us go through each year and watch as the housing market was reported in the press for the past decade. The evolution is fascinating.

http://www.doctorhousingbubble.com/the-progression-of-the-housing-bubble-in-the-press-financial-and-economic-headlines-from-2000-to-2009-the-psychology-of-the-financial-press-and-reporting-on-the-housing-market/