News corporations provably have an imperative to reduce panic during a recession, although I don’t know the specifics of where the momentum for this comes from.
Do they, provably? Or, to put it differently: Is having an imperative to reduce panic the only plausible explanation for headlines like this?
My primary model of news organizations’ goals is that they are trying to maximize attention, ideally (but not always) without being factually wrong. I think the WSJ headline is compatible with those goals.
For me the reporting about daily fluctuations in the financial press is mostly a source for amusement, not to be taking seriously (on 99% of the days, of course).
Do they, provably? Or, to put it differently: Is having an imperative to reduce panic the only plausible explanation for headlines like this?
My primary model of news organizations’ goals is that they are trying to maximize attention, ideally (but not always) without being factually wrong. I think the WSJ headline is compatible with those goals.
For me the reporting about daily fluctuations in the financial press is mostly a source for amusement, not to be taking seriously (on 99% of the days, of course).